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Property profile & analytics
OFF-MARKET
Office Spaces

24 Westbrook Pl 1 Westbrook, CT 06498

1,605 SF 0.13 ac lot Built 1920
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US15-0782115
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1920
Construction FRAME
Total area 1,605 SF
Lot 0.13 ac (5,663 SF)
Zoning code CTC
APN WBRO M:177 L:005 U:1
UPID US15-0782115
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Kenneth J Reid · 4 yrs held
Kenneth J Reid
since 2022
4 recorded transactions
2022
Price N/A
2022
Price N/A
2013
Price N/A
1969
Price N/A
Zoning & alternative use
CTC · Westbrook, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

• 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…

Zone name Commercial Town Center District
General category COMMERCIAL
Zone area 57.19 ac
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