Property profile

385 Beaumont Hwy Lebanon, CT 06249

FOR SALE
Showrooms
Property ID
US15-0039176
7,392 SF 14.93 ac lot Built 1975
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This thriving bar and cafe in Lebanon, Connecticut, presents a unique investment opportunity. Established eight years ago, this turnkey business boasts a strong reputation built on excellent food, drinks, and entertainment. The menu features a popular cafe-style selection including wings, fries, egg rolls, and quesadillas, complemented by a lively happy hour. A diverse entertainment schedule, including karaoke, live music, paint nights, and DJ events, consistently draws a loyal local following. Beyond food and beverage sales, significant supplemental income is generated through commissions from a jukebox, six pool tables, and an ATM machine. The spacious venue comfortably accommodates patrons with a main bar area, a mix of low-top and high-top tables, and a fully functional kitchen. The current owner is offering comprehensive training to ensure a smooth transition for new buyers. Furthermore, the experienced bartenders are available to continue employment, providing continuity and expertise for the new owner. This is a rare chance to acquire a well-established and profitable business with a proven track record and significant growth potential. The sale price is $195,000. The property is located at 385 Beaumont Hwy, Lebanon, CT.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1975
Construction FRAME
Total area 7,392 SF
Lot 14.93 ac (650,351 SF)
APN LEBA M:209 L:1
UPID US15-0039176

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Wine and Liquor Store
  • Bar & Pub Restaurant

Location

385 Beaumont Hwy Lebanon, CT 06249
Lebanon metro Census 870100 NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
1993
$269,000
1991
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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