237 New Britain Rd Berlin, CT 06037-1353
This exceptional 8,514 square foot commercial property, situated on a 0.97-acre lot at 237 New Britain Road in Berlin, CT, presents a unique investment opportunity. Currently operating as a successful ethnic restaurant for over 25 years, the property includes all furniture, fixtures, and equipment (FF&E) within the asking price of $1,695,000. The stunning interior and exterior boast a five-star design, creating an elegant and versatile space ideal for a variety of uses. A highlight is the magnificent ballroom, capable of accommodating up to 220 guests, perfect for large-scale corporate events, weddings, and other celebrations. Additionally, a private upstairs area can host smaller gatherings of up to 40 people. The property's established history and high-quality amenities offer immediate income potential and significant long-term growth prospects. Owner financing is negotiable, making this an attractive proposition for discerning investors seeking a turnkey operation in a desirable Connecticut location. The property's prime location and versatile design make it an exceptional opportunity for both established businesses and new ventures. The inclusion of all FF&E streamlines the transition process for a seamless takeover. This is a rare chance to acquire a well-established, high-quality commercial property with significant earning potential.
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Baltic Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CCD-1 · Berlin, CTBerlin. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.