Property summary
This exceptional 1,365 square foot commercial property located at 73 Ferry Street in Middletown, CT, presents a unique investment opportunity. Currently operating as a well-established bar, this turnkey business boasts a welcoming atmosphere and strong college-town clientele. The property's existing infrastructure includes income-generating amenities such as pool tables, a jukebox, and an ATM machine (to be installed). The current setup is ideal for an entrepreneur looking to own and operate a thriving neighborhood or college bar, capitalizing on the existing customer base and revenue streams. The asking price of $450,000 reflects the property's immediate earning potential and significant upside. Beyond the existing business, the property offers additional development potential. The rear of the lot presents a possibility for the construction of a two-family house, providing further investment opportunities and potential for increased revenue streams. This property is a rare find, combining a profitable existing business with significant future development potential in a desirable location. The property is situated in Middletown, CT, offering easy access to local amenities and a vibrant community. This is an exceptional opportunity for a savvy investor seeking a strong return on investment in a turnkey commercial property with significant expansion possibilities. The property is ready for immediate occupancy and operation, allowing for a seamless transition and quick start to generating income. Don't miss this chance to own a piece of Middletown's thriving commercial landscape.
Property profile
VerifiedCap rate & NOI
Current use
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Bar & Pub
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Bar & Pub
Location
Value estimations
Owner & transaction history
Zoning & alternative use
for the B-1 Zone, which shall be as required in accordance with the zoning codes for the underlying Zone, the following bulk requirements are deemed to be the minimum allowable in the Redevelopment Design District. Parce…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Middletown, CTfor the B-1 Zone, which shall be as required in accordance with the zoning codes for the underlying Zone, the following bulk requirements are deemed to be the minimum allowable in the Redevelopment Design District. Parce…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
for the B-1 Zone, which shall be as required in accordance with the zoning codes for the underlying Zone, the following bulk requirements are deemed to be the minimum allowable in the Redevelopment Design District. Parce…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-1 in Middletown, CT.
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