26 Main St Avon, CT 06001-3716
Prime 1.67-acre commercial and residential land parcel in Avon, CT, located at 26 West Main Street (Route 44), near Avon Village Center and Whole Foods Market. Zoned Commercial - Specialized, this property presents a unique redevelopment opportunity. Concept plans envision approximately 60 multi-family units and retail space, with the town indicating a 10% affordable housing component may suffice for approval. The existing First & Last Tavern restaurant is operational, though the highest and best use aligns with the proposed development. Expansion potential exists, with the possibility of acquiring additional land and up to 24 more multi-family units. The asking price is $1,900,000, and sellers are open to considering a ground lease option. This is a rare chance to develop in a highly desirable location.
-
First & Last Tavern Avon 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
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.