February 10, 2025 – Tim Hines of Horvath & Tremblay has arranged the sale of a six (6) unit mixed-use property in Bristol, Connecticut. Hines exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $975,000.
The mixed-use property is located at 100 Stafford Avenue in Bristol, Connecticut. The Property consists of two adjacent buildings and contains six (6) units consisting of two (2) retail suites, three (3), 2-Bedroom/1-Bathroom units, and one (1), 1-Bedroom/1-Bathroom Unit with 8,531 square feet of living area in 15,348 square feet of gross area on a 0.51-acre corner parcel. The Property features five (5) garage bays and abundant on-site surface parking. The two commercial suites are 100% occupied by Max Pizza & Restaurant and Palma’s Diner. Max Pizza & Restaurant has been at this location for 47 years and has less than 1-year remaining on their lease. Palma’s Diner has been at this location since 2014 and just executed a 5-year lease extension, demonstrating their commitment to the site and the market. 100 Stafford Avenue is well-located in a densely populated residential neighborhood in Bristol’s Forestville neighborhood. The property is situated at the intersection of Brock Street, Fair Street and Stafford Avenue in between CT Route 72 and US Route 6, Bristol’s primary commuter and commercial corridors. The Property is 3-miles from downtown Bristol, and the location offers convenient access to area highways, public transportation and retail amenities along nearby Farmington Avenue and Middle Street.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.