62 Cove Street offers a rare opportunity to acquire a fully operational, turnkey waterfront event and banquet venue in New Haven, Connecticut together with the underlying real estate.
| Website: | https://www.nestseekers.com/5692651 |
|---|---|
| Address: | 62 Cove New Haven, CT 06512 |
| Ownership: | Commercial |
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| Type: | Commercial |
| Area: | 12327 sq ft |
Financials
Price:$7,900,000
Annual Taxes:$42,998
Description
62 Cove Street offers a rare opportunity to acquire a fully operational, turnkey waterfront event and banquet venue in New Haven, Connecticut - together with the underlying real estate. Positioned at the tip of a peninsula with sweeping ocean views and direct water frontage protected by a stone breakwater, the property combines a proven hospitality business with an incomparable location. The offering includes the real property, all buildings, and the associated event and catering operation - providing a buyer with an immediate, income-producing asset as well as significant upside through expanded programming, private events, weddings, and food & beverage service. The business carries an established booking queue extending through 2027, representing significant contracted future revenue already in place. A new operator steps into this pipeline on day one, with tremendous additional upside to optimize operations, grow gross revenue and profitability, and/or reposition the property for a range of potential redevelopment opportunities. Set on 2.02 acres at the water's edge, 62 Cove Street is a multi-building waterfront property purpose-built for events, banquets, and hospitality. The 6,221-square-foot main building (the Inn) houses a full banquet space, complemented by additional structures used for event support, administrative/food operations, service, and storage. The 6,105-square-foot adjacent building (the Ballroom)
Amenities
- Central Air
- Ductless
- Elementary School -
- Heat Pump
- High School -
- Intermediate School -
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878 Phone: +1 203-204-9555 | |
| Listing Courtesy of Michael Barbaro of Huntsman,Meade & Partners Comp | |