246 Main St Portland, CT 06480-4813
This exceptional business opportunity presents the chance to acquire a thriving restaurant in the heart of Portland, Connecticut. Located at 246 Main Street, this established eatery is a beloved local landmark, known for its charming atmosphere and delicious breakfast and lunch menus, with occasional dinner service. The restaurant boasts a seating capacity of 63 and benefits from a prime location experiencing significant daily traffic. Over 35,000 vehicles pass by daily, with an additional 40,000+ crossing the bridge into Portland, ensuring high visibility and customer access. The property's strategic positioning is further enhanced by the imminent completion of the Brainerd Place high-end housing development, promising increased residential density and a growing customer base. This award-winning restaurant has built a strong reputation, as evidenced by positive online reviews, showcasing its consistent popularity and appeal. This turnkey operation offers a rare opportunity to own a successful business with significant growth potential in a rapidly developing area of Middlesex County. The asking price is $275,000. This represents a compelling investment in a well-established and highly regarded restaurant poised for continued success.
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Sarah's on Main 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
B3 · Portland, CTCosts & 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.