24 Westbrook PlWestbrook, CT 06498

Property Details for 24 Westbrook Pl

Year built

1920

Construction

FRAME

Lot size

0.13 AC

Property size (Sq ft)

1,605 SF

Zone code

CTC

Property type

Office properties

Property subtype

Other office properties

APN

WBRO M:177 L:005 U:1

APU

WBROM177L005U1

Description

This exceptional 1,605-square-foot restaurant space is ideally situated in the heart of downtown Westbrook, Connecticut. A completely renovated Class A property, this single-tenant building boasts a brand-new interior, completed in 2023, and sits on a 0.17-acre lot. The space features an indoor bar, a fully equipped kitchen and prep area, and two restrooms. A significant advantage is the expansive 3,000-square-foot outdoor patio, complete with a handicap-accessible ramp, perfect for maximizing seating capacity during peak seasons. The property is equipped with a brand-new hood and Ansul fire suppression system. Further enhancing its appeal, new windows and siding are scheduled for installation. The property's septic system has a capacity of 540 gallons per day. Located on the town green, this property benefits from high visibility and foot traffic, particularly during the summer months when Westbrook's population significantly increases. The zoning is CTC. Built in 1920, this completely renovated space offers a unique blend of historic charm and modern amenities, making it an exceptional opportunity for a discerning restaurateur. The monthly rent is $3,950 gross, plus utilities. This is a turnkey operation ready for immediate occupancy. The property is located at 24 Westbrook Pl, Westbrook, CT 06498, in Middlesex County.

• CAP approach

  CAP return

  Valuation

  6%

  $265,354

  6.5%

  $244,943

  7%

  $227,447

• Comparable approach

  Method

  Valuation

  Relative Method

  $209,709

  Geo Method

  $209,709

• Alternative Use

  Use

  Valuation

  Residential

  $303,729

  Hospitality

  $278,214

  Educational

  $231,471

  Medical

  $239,431

  Retail

  $360,066

Location Insight

City

Westbrook

County

Middlesex

State

Connecticut

Latitude

41.2863

Longitude

-72.4479

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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