29 Main Street - Newtown

Hospitality for Sale
Catylist Listing ID: 30283433
Property Subtypes: Bed & Breakfast, Inn
Number of Units: 1 Units
Building Size (RSF): 7,971 SF
Gross Building Area: See Agent
Gross Land Area: 1.21 Acres
Sale Price: $1,450,000
Unit Price: $1,450,000 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Building Name: The Dana-Holcombe House
Name of Establishment: The Dana-Holcombe House
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/18/2019

Overview / Comments

This unique property is new to the market. The Dana-Holcombe House is a classic New England Bed and Breakfast. It was built new approximately 10 years ago on the site of the previous Yankee Drover. Located next to the famous Newtown “Flagpole” in the heart of the historic Borough, this is an amazing opportunity to own a one-of-a kind property. This is a privately owned residential property that could be ideal for an owner to live in while operating a bed and breakfast. At almost 8,000 sf there is plenty of room for the owner’s occupancy and B & B guests while the 1.2 acres allows for small events and weddings celebrations.

Located on Newtown’s Main Street, this home is close to boutique shops, several local businesses, professional services and the Big Y shopping center. With the proximity to I-84 you have easy access to the surrounding towns like Danbury, Brookfield, New Milford, Bethel, Southbury, Monroe and Shelton. It is also within leisurely driving distance to major cities like New York, Hartford, and Boston.

The home has 4 guest bedrooms each with their own bathrooms, two large guest suites with living areas and bathrooms, and a master suite with a living area and large master bathroom. The main floor has a large updated kitchen with all appliances, a large formal dining area, three sitting areas each with fireplaces, and a bar for family or guest gatherings. The house has a 3-car garage and plenty of storage in the large dry basement.

The outside grounds have immaculate landscaping, beautiful stone walls, and a large lawn area for parties and event tents. Guests can enjoy the tranquil setting outside, enjoy a cup of coffee on the new patio, or walk to the various shops, restaurants, and other local businesses along Main Street Newtown.

At $1.45M this offering represents a unique opportunity to own a beautiful, quaint home where you could also legally operate a Bed and Breakfast business. The sale price is for the residential property only. The business and most of the current furnishings can be available and purchased separately for $125K. Call Chris Cosio or J. Michael Struna at 203-798-9345 to see this property today, discuss special sale considerations, inventory of furnishings, and related business information.

Additional Details

Nearest MSA: Bridgeport-Stamford-Norwalk
County: Fairfield
Taxing Authority: Town of Newtown
Tax ID/APN: 26-1-11.02
Zoning: R-1
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Main street, Route 6, and Route 25
Feet of Frontage: 163
Traffic/Vehicle Count: 16,000
Highway Access: I-84 exit 9 and 10
Airports: Danbury Municipal
Area Description: Historic area of the Borough of Newtown on Main Street adjacent to the "Flagpole"
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 2004
Roof Type: Arched
Construction/Siding: Wood Siding
Parking Type: Surface
Sprinklers: None
Laundry: Shared
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: R-1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,941 21,155 52,592
Median Age: 43.4 43.23 43.71
Households: 696 7,368 18,711
The information presented herein is provided as is, without warranty of any kind. Neither Greater Hartford Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.