commercial
62 Cove Street
New Haven, Connecticut 6512
Price
$7,900,000
Price/SF
$640.87/SF
Building Size
12,327 SF
Lot Size
2.02 acres
Year Built
1900
Property 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)
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Additional Details
Zoning
RS2
MLS Number
24199078
Property ID
507e2042-138a-455e-8893-6df5cb9e2247
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MLS Information
MLS#: 24199078
Listed by: Huntsman,Meade & Partners Comp
Agent: Michael Barbaro • (203) 627-6094 • michael.barbaro@huntsman-meade.com
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