Property summary
This exceptional single-story brick commercial building, situated at 2 Main Street in Sprague, Connecticut, presents a compelling investment opportunity. Spanning 2,268 square feet, the property sits on a sizable 0.78-acre lot, providing ample off-street parking for approximately ten vehicles. The building's prime location on Main Street in the Baltic area ensures high visibility and accessibility. A significant advantage is the long-term lease currently in place with the United States Postal Service. This lease extends until 2029, with two additional five-year renewal options, potentially securing rental income until 2039. This provides exceptional stability and predictability for investors seeking a low-risk, high-yield asset. The building's sturdy brick construction ensures durability and low maintenance costs. The substantial lot size offers potential for future expansion or development, adding further value to this already attractive investment. Given the strong tenant and the extended lease terms, this property represents a rare opportunity to acquire a stable, income-generating commercial asset in a desirable location. The asking price of $325,000 reflects the exceptional value and potential of this property. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Wine and Liquor Store
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Post Office Logistics Service
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(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Baltic, CTZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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