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$100,000
Est. payment /mo
3,060 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,060 sqft
Price per Sqft $32
MLS Listing ID 24093673
Year Built 1906
Property Description
New to the market - The "Old Club Lido" in New Britain, CT. Business Only - Bar for Sale (No Real Estate): Incredible opportunity to lease and operate a bar in prime Downtown New Britain, located at 174 Arch St-just two blocks from The Hospital of Central Connecticut and Walnut Hill Park. This business is situated in a historic 4-story, 12-unit mixed-use building with strong foot traffic and includes two retail storefronts, one of which is home to Roger's Auto Body. The building is slated for upcoming renovations of all residential units above the bar. Sale includes all equipment, materials, alcohol inventory, vendor contacts, 30 bar stools, 2 couches, a table, full kitchen, 8 TVs (4 in bar, 4 in pool room), Paradigm credit service machines (hardwired), and 20 parking spaces. Pool tables are leased with a 50/50 revenue split. Owner will release their liquor license; buyer must secure their own if they intend to serve alcohol. No financials available; this is a cash-for-keys sale sold strictly as-is with no warranties on equipment. Owner will any requested inspections or due diligence before acquiring the space. Owner pays cold water $21.11/mo. Gas bill averages to $113/mo. Dumpsters are included with the lease. Owner is willing to stay on temporarily for support for the new owner. Once a LOI is submitted, the owner will negotiate the terms of the lease. Asking $2,000/month with a 5-year minimum.
Location
State CT
County Hartford
Interior
Interior Features Public Restrooms, Window Display
Heating Steam
Cooling Central Air
Flooring Wood
Equipment Bar; alcohol and taps, furniture, pool tables, chairs, all kitchen equipment; no stove
Exterior
Exterior Feature Sidewalk, Door Sign
Parking Features None
Utilities Available Gas, Telephone, Cable
Building
Story 2
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
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Listed by Shy Grahame • Berkshire Hathaway NE Prop.