388 Broad St Bristol, CT 06010-6636
This exceptional 4,674 square foot commercial property at 388 Broad Street, Bristol, CT, presents a unique investment opportunity. Situated on a 0.85-acre lot, this versatile building boasts easy highway access and ample off-street parking for 52 vehicles. Previously a thriving restaurant, bar, and banquet facility, the property offers a comfortable and established layout, ideal for a variety of commercial uses. Recent renovations by the current owner include significant structural engineering upgrades to both the first and second floors, a new roof, updated windows, and completely overhauled plumbing, heating, and electrical systems. The second floor, currently used for storage, has the potential for conversion into a 2- or 3-bedroom apartment, adding significant rental income potential. The building's history as a successful hospitality venue speaks to its inherent appeal and established customer base. This turnkey property is ready for immediate occupancy and offers significant upside potential for a savvy investor. An adjacent single-family rental property at 374 Broad Street, located in a commercial zone, is also available for purchase, presenting an opportunity to expand your investment portfolio. A comprehensive list of improvements and features is available upon request. Owner financing is available, making this an even more attractive proposition. Don't miss this chance to acquire a prime commercial property in a desirable location.
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
BG · Bristol, CTBristol. Always verify with local authorities before improvements.
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.