Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    344 E Main St Clinton, CT 06413

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr

    2,184 SF retail space in a busy Clinton center.

    Lot size:
    0.83 Acres

    Property Features for 344 E Main St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.83 Acres

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Heather Gianacoplos
    Source: Elliman

    Listing Agency: Compass Connecticut, LLC Listing Agent: Heather Gianacoplos

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space in Clinton Center

    A 2,184 square foot retail space is available for lease in a well-known strip center. The property is situated on a busy thoroughfare, offering excellent visibility and signage opportunities. It is located next to Beach Donuts. The space is suitable for retail, boutique, or service-based businesses. Features include ample parking and convenient access to I-95. The space will be available in October.
    Location Intelligence

    Current Use by Public Records

    Shoreline Electronics and Sound Computer & Electronic Repair Shoreline Electronics Repair Electronics & Wireless Store Beach Donut Shop Bakery Farmers Insurance - Dennis ... Insurance Agency Green Leaf (Ice-cream ... Take-out & Catering

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.4887464
    Latitude
    41.2729717

    Nearby Similar for Lease

    • New
      $2,000 /Mo
      1,540 SF

      Downtown Clinton Commercial Space Available

      Commercial space on busy Rte 1, ideal for restaurant.
      15 E Main St, Clinton, CT 06413
      View Details
    • $15 SF/Yr
      2,185 SF

      Retail Space in Clinton, CT

      2,184 SF retail space in a well-known Clinton strip center.
      344 E Main St, Clinton, CT 06413
      View Details
    • $2,000 /Mo
      1,540 SF

      Downtown Clinton Retail Opportunity

      Retail space for rent in downtown Clinton, Connecticut.
      15 East Main St, Clinton, CT 06413
      View Details
    • $3,500 /Mo

      Turnkey Cigar Lounge Opportunity

      Move-in ready cigar lounge with custom ventilation in Clinton.
      215 E Main St, Clinton, CT 06413
      View Details
    • $1,800 /Mo
      1,800 SF

      Versatile Industrial Space For Lease

      Industrial space with office and warehouse areas, convenient location.
      18 Nod Rd, Clinton, CT 06413
      View Details
    • $1,800 /Mo

      Versatile Industrial Space For Lease

      Industrial space with office, warehouse, and ample parking.
      18 Nod Rd, Clinton, CT 06413
      View Details
    • Contact for pricing
      200,000 SF

      Industrial Build-to-Suit Opportunity

      Up to 200,000 SF build-to-suit industrial space available.
      30 Old Post Rd, Clinton, CT 06413
      View Details
    • $2,450 /Mo

      Luxury Residences in Clinton, CT

      Luxury 1 & 2 bedroom residences with modern amenities.
      9 John St, Clinton, CT 06413
      View Details
    • Contact for pricing
      1,700 SF

      Retail Spaces Available For Lease

      Shop Rite anchored shopping center with spaces for lease.
      266 E Main St, Clinton, CT 06413
      View Details
    • $4,500 /Mo
      6,115 SF

      Warehouse/Retail Space with Office

      6,115 SF warehouse/retail space with office for lease.
      27 West Main St, Clinton, CT 06413
      View Details
    • $1,800 /Mo

      Charming Clinton Apartment Near Beach

      One-bedroom apartment with updated kitchen, close to amenities and beach.
      88 E Main St, Clinton, CT 06413
      View Details
    • $2,450 /Mo

      Luxury Residences in Clinton, CT

      Luxury 1 & 2 bedroom apartments with top-tier amenities.
      9 John St, Clinton, CT 06413
      View Details

    FAQs

    What type of property is this?
    Strip mall - 2,184 SF retail space in a busy Clinton center.
    Where is this strip mall located?
    The property is located at 344 E Main St Clinton, CT.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Prime 2,184 SF retail space.; - Located in a well-known strip center.; - Excellent visibility and signage opportunities on a busy thoroughfare.
    (860) 908-4705
    Request Owner's contact information
    344 E Main St Clinton, CT 06413
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    344 E Main St
    Clinton, CT 06413
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    344 E Main St Clinton, CT 06413
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Heather Gianacoplos
    Real Estate License ID: RES.0800582
    (860) 908-4705 (860) 572-9099
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!