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45-81 North Main Street 3 Retail Properties Offered at $10,951,125 CAD in Bristol, CT
Investment Highlights
- Prime Strategic Location: Positioned directly across from Bristol's new medical center and near major healthcare providers, ensuring strong activity.
- Stable In-Place Income: The asset includes 18 fully leased residential units and a mix of established retail tenants, providing immediate cash flow.
- Value-Add Opportunity: Opportunity to increase revenue by leasing and stabilizing existing commercial vacancies.
- Significant Redevelopment Upside: Features broker-stated "as-of-right" expansion potential for up to 60 residential units, offering a clear path.
- Substantial Mixed-Use Assemblage: A prominent three-building site totaling approximately 43,000 square feet on a 3-acre downtown lot.
- Modern Infrastructure & Construction: Features durable brick and steel construction, central HVAC, and a brand-new roof on the 59 North Main St.
Executive Summary
Discover a premier investment opportunity at 45-81 North Main Street, a commanding three-building mixed-use assemblage situated on approximately 3 acres in the heart of downtown Bristol. Strategically positioned directly across from Bristol’s state-of-the-art new medical center, this property offers unmatched visibility and a stable income stream with 18 fully leased residential units and 8 commercial units. Offered at $7,950,000, this high-performing asset provides an impressive 7.63% CAP rate and an in-place Net Operating Income (NOI) of $606,707.96.Spanning approximately 43,000 square feet, the assemblage features durable brick and steel construction with modern mechanical systems, including gas heating, central HVAC, and a membrane roof system—notably featuring a brand-new roof for the 59 North Main Street building. The property is designed for operational efficiency with municipal water and sewer, and it provides ample convenience via an expansive on-site paved parking lot. Tenants benefit from being within walking distance of downtown shops and popular dining like Main Street Pint & Plate, all while staying connected via nearby CT transit bus routes.Beyond the robust current cash flow, this portfolio offers an extraordinary value-add narrative through its significant redevelopment potential. The site’s BD-1 (Downtown Business) zoning supports as-of-right expansion to approximately 40 to 60 residential units, providing a clear path to drastically increase density and long-term valuation. With immediate access to Route 72, Route 6, and I-84, and proximity to major regional employers such as ESPN headquarters and Bristol Health, this is a rare opportunity to secure a cornerstone downtown site with meaningful growth potential.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $10,951,125 CAD | Number of Properties | 3 |
| Price / SF | $151.77 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.63% | Total Building Size | 72,155 SF |
| Sale Type | Investment | Total Land Area | 7.78 AC |
| Status | Active |
| Price | $10,951,125 CAD |
| Price / SF | $151.77 CAD / SF |
| Cap Rate | 7.63% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 72,155 SF |
| Total Land Area | 7.78 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Better Half Brewing
59 N Main St, Bristol, CT 06010 |
Retail | 43,000 SF | 1992 | - |
| 45 N Main St, Bristol, CT 06010 | Retail | 18,155 SF | 1997 | - |
| 81 N Main St, Bristol, CT 06010 | Retail | 11,000 SF | 1995 | - |
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45-81 North Main Street
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