2 Main St Sprague, CT 06330
Property Features for 2 Main St
General Information
- Lot size
- 0.78 Acres
Building Details
- Year built
- 1964
Source:
Elliman
Listing Agent: John Hill
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Commercial Building with Postal Office Lease
This single-story brick commercial building, offering 2,268 square feet, is situated on Main Street in Baltic, CT, on a 0.78-acre lot. It features off-street parking for approximately 10 cars. The property is currently under a long-term lease with the United States Postal Service, which extends until 2029, with options to renew for two additional five-year periods until 2039. The current annual rent is $28,000. The lease agreement includes rent increases to $30,800 per year for the first five-year option and $33,800 for the second five-year option. As part of the lease, the tenant is responsible for utilities, lawn care, and snow removal. The landlord is responsible for taxes, insurance, and building maintenance. This property presents an investment opportunity with a tenant already in place.
Location Intelligence
Current Use by Public Records
Baltic Wine & Spirits
Liquor Store
United States Postal ...
Post Office
FAST-MAT LAUNDROMAT
Laundromat
Location Insight
- Map
- Local Demand
- City
- Sprague
- County
- New London
- State
- Connecticut
- Longitude
- -72.08575
- Latitude
- 41.616451
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FAQs
What type of property is this?
Office building - Single-story commercial building in Baltic, CT, leased to USPS.
Where is this office building located?
The property is located at 2 Main St Sprague, CT.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: - Long-term lease with the United States Postal Service in place until 2029 with options to renew until 2039.; - Guaranteed rental income of $28,000 per year, increasing to $30,800 and $33,800 in option periods.; - Tenant responsible for utilities, lawn care, and snow removal.