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.


Property

Website:https://www.nestseekers.com/5692651
Address:
62 Cove
New Haven, CT 06512
Ownership: Commercial
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 -

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Michael Barbaro of Huntsman,Meade & Partners Comp