62 Cove Street,New Haven, CT 06512
New Haven, CT 06512
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)
Details
| MLS # | 24199078 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 77 |
| Listing Provided By | Huntsman,Meade & Partners Comp | Michael Barbaro |
Features
| SQ Feet | 12,327 |
|---|---|
| Zoning | RS2 |
| Acreage | 2.02 |
Interior
| Cooling System | Central Air, Ductless, Heat Pump |
|---|
Exterior
| Roof Information | Asphalt Shingle |
|---|
Utilities
| Utilities Available | Electric, Gas |
|---|---|
| Sewage System | Public Sewer Connected |
Taxes
| Tax Year | July 2026-June 2027 |
|---|---|
| Property Tax | 42998 |
Area Information
| State | CT |
|---|---|
| County | New Haven |
| City | New Haven |
| Zip Code | 06512 |
| Area | N | A |
| Listing VS Median (in 06512) | |
Price: $7,900,000 low | high Med: $384,000 sqft: 12,327 low | high Med: 1,581 $ / sqft: $641 low | high Med: $244 On site: 77 low | high Med: 19.5 | |
Market Activity 06512
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Learn More About This Property
| State | CT |
|---|---|
| County | New Haven |
| City | New Haven |
| Zip Code | 06512 |
| Area | N | A |
| Listing VS Median (in 06512) | |
Price: $7,900,000 low | high Med: $384,000 sqft: 12,327 low | high Med: 1,581 $ / sqft: $641 low | high Med: $244 On site: 77 low | high Med: 19.5 | |