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Property profile & analytics

388 Broad St Bristol, CT 06010-6636

  • Turn key restaurants
  • 4,674 SF
  • 0.25 lot acres
OFF-MARKET
Value Estimation
$270,000
Location Intelligence
Property ID
US15-0075366
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Turn key restaurants

Property Details for 388 Broad St

Year built
1886
Construction
FRAME
Lot size
0.25 lot acres
Property size
4,674 SF
Zone code
BG
Property type
Turn key restaurants
APN
BRIS M:39 L:108
APU
BRISM39L108

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $290,000
  • CAP approach

    CAP return
    Estimation
    6%
    $205,000
    6.5%
    $200,000
    7%
    $210,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $215,000
    Geo Method
    $185,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $190,000
    Retail
    $195,000
    Mixed-Use
    $225,000
    Hospitality
    $180,000
    Educational
    $190,000
    Residential Income
    $205,000
    Energy
    $190,000
    Income-Based Land
    $195,000
    Food Service
    $240,000

Location Insight

  • Map
  • Local Demand
City
Bristol
County
Hartford
State
Connecticut
Longitude
-72.9117
Latitude
41.6723
CBSA code
25540
CBSA name
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,923
$55,090
$370,720
$425,810
-
$0.00
$0.00
$0.00
More about this property
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