Technical
Financial
Distress signals
Property profile

388 Broad St Bristol, CT 06010

OFF-MARKET
Turn key restaurants
Property ID
US15-0075366
4,674 SF 0.25 ac lot Built 1886
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a Bristol commercial building of approximately 4,674 square feet, historically used as a restaurant, bar, and banquet/event facility. It is configured with a first-floor dining and event-oriented layout and has an additional second floor used for storage; this upper level presents the potential to be converted into a residential unit such as a 2- or 3-bedroom apartment, subject to applicable permitting and approvals. The building has undergone interior and exterior system and component updates, including structural engineering work on the first and second floors, a roof replacement, window updates, and improvements to plumbing, heating, and electrical systems. It also features off-street parking for up to 52 vehicles and is positioned to provide convenient access to nearby highways.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1886
Construction FRAME
Total area 4,674 SF
Lot 0.25 ac (11,100 SF)
Zoning code BG
APN BRIS M:39 L:108
UPID US15-0075366

Cap rate & NOI

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

Location

388 Broad St Bristol, CT 06010-6636
Bristol metro Census 405200 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2010
6 recorded transactions
2010
$210,000
2003
$275,000
2003
Price N/A
2002
Price N/A
2001
Price N/A
1996
$230,000

Zoning & alternative use

BG · Bristol, CT
Zoning description

The BG General Business Zone is intended to accommodate larger retail and service establishments primarily serving the needs of the entire City, including automobile-oriented uses. 2.1.8 124BBD Downtown Business Zone The…

General category COMMERCIAL

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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