62 Cove Street, New Haven, CT 06512 (MLS # 24199078)

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View Virtual Tour PRICE $7,900,000 SIZE 12,327 sqft LOT SIZE 2.02 ac

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) has a large event space with complete commercial kitchen facilities. The third building on-site (the Shanty) has a fully equipped commercial kitchen. The grounds include a landscaped lawn running the length of the shoreline, outdoor bar, a stone breakwater providing protection and dramatic water views, a covered outdoor dining and event deck, and gazebo. On-site parking accommodates guests for large gatherings and peak-season events.