24 Westbrook Pl 1 Westbrook, CT 06498
This exceptional 1,605-square-foot restaurant space is ideally situated in the heart of downtown Westbrook, Connecticut. A completely renovated Class A property, this single-tenant building boasts a brand-new interior, completed in 2023, and sits on a 0.17-acre lot. The space features an indoor bar, a fully equipped kitchen and prep area, and two restrooms. A significant advantage is the expansive 3,000-square-foot outdoor patio, complete with a handicap-accessible ramp, perfect for maximizing seating capacity during peak seasons. The property is equipped with a brand-new hood and Ansul fire suppression system. Further enhancing its appeal, new windows and siding are scheduled for installation. The property's septic system has a capacity of 540 gallons per day. Located on the town green, this property benefits from high visibility and foot traffic, particularly during the summer months when Westbrook's population significantly increases. The zoning is CTC. Built in 1920, this completely renovated space offers a unique blend of historic charm and modern amenities, making it an exceptional opportunity for a discerning restaurateur. The monthly rent is $3,950 gross, plus utilities. This is a turnkey operation ready for immediate occupancy. The property is located at 24 Westbrook Pl, Westbrook, CT 06498, in Middlesex County.
• CTC Commercial Town Center District • NCD Neighborhood Commercial District • TIC Turnpike Interchange Commercial District • CB Commercial Boating District • RD Resort District • LI Light Industrial District • ID Industrial District A. PURPOSES 1. Commercial Town Center (CTC) District - The purpose of the Commercial Town Center (CTC) District is to maintain…
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
CTC · Westbrook, CT• CTC Commercial Town Center District • NCD Neighborhood Commercial District • TIC Turnpike Interchange Commercial District • CB Commercial Boating District • RD Resort District • LI Light Industrial District • ID Industrial District A. PURPOSES 1. Commercial Town Center (CTC) District - The purpose of the Commercial Town Center (CTC) District is to maintain, enhance and promote a mixed-use, pedestrian-scale downtown area with a strong sense of place. The District provides for the central retail, office, cultural and governmental activities of the community as well as encouraging limited residential use. The Regulations encourage harmony and compatibility of design in an area of buildings built at different times and under no or various zoning regulations. The object is to permit the rehabilitation or rebuilding of existing buildings on or close to the street and property lines, thus preserving the historic look of the Town Center.
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.