For Sale
$450,000

73 Ferry StMiddletown, CT 06457

Established Bar, 1365 sq ft, High Income Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This thriving Middletown, CT bar, located at 73 Ferry St, presents a unique investment opportunity. The 1,365 square foot space, built in 1920, is zoned B-1 and offers a cozy atmosphere perfect for a neighborhood or college crowd. Currently generating strong income from existing features including pool tables, a jukebox, and a soon-to-be-installed ATM, this turnkey operation is ready for a new owner to step in and continue its success. The asking price is $450,000, translating to $329.67 per square foot. The property's prime location in Middlesex County, with its zip code 06457, ensures high visibility and accessibility. Beyond the established bar business, there's significant potential for future development. The property includes land suitable for the construction of a two-family house at the rear, offering additional income streams or expansion possibilities. This is a rare chance to acquire a profitable, established business with considerable upside potential in a desirable Connecticut location. The property is ready for immediate operation, minimizing start-up costs and maximizing return on investment. Don't miss this chance to own a piece of Middletown's vibrant business scene.

Highlights

  • $450,000 asking price for this 1,365 SF retail bar.
  • Located at 73 Ferry St, Middletown, CT 06457.
  • Features a homey atmosphere, ideal for a neighborhood or college bar.
  • Established income from existing amenities.
  • Potential for future development of a two-family house on the rear property.
  • Zoned B-1.

Property Details for 73 Ferry St

Property type
Retail properties, Bars
Square Feet
1,365 SF
Year Built
1920

Location Insight

City
Middletown
County
Middlesex
State
Connecticut
Latitude
41.563742402454
Longitude
-72.651150335686
73 Ferry St, Middletown, Connecticut

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73 Ferry St
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