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

    192 E Main St Clinton, CT 06413

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $799,500

    0.77 acre corner lot with high traffic volume.

    Lot size:
    0.77 Acres

    Property Features for 192 E Main St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.77 Acres

    We can help!

    Listing Contact
    Sam Lyman
    Source: Elliman

    Listing Agency: Samuel Lyman, Broker Listing Agent: Sam Lyman

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

    Learn more

    Overview

    Corner Lot on Main Street

    This 0.77-acre commercial lot is situated along US Route 1 (East Main Street) in downtown Clinton, adjacent to national retailers and off I-95. The location benefits from a traffic count of 16,000. The property is a corner lot at a traffic light, featuring dual frontage: approximately 85 feet on Beach Park Road and 72 feet on Main Street. Corner lots generally offer enhanced visibility and access.
    Location Intelligence

    Current Use by Public Records

    DeNovelli's by The Shore Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.5100728
    Latitude
    41.2736498

    Nearby Similar for Sale

    • $625,000
      Pending

      Historic Office Building on Route 1

      Versatile commercial property with historic charm and convenient location.
      130 E Main St, Clinton, CT 06413
      View Details
    • New
      $975,000
      Pending

      Waterfront Commercial Property with Dock

      B4-zoned waterfront property suitable for professional or live-work use.
      178 W Main St, Clinton, CT 06413
      View Details
    • $625,000
      Pending

      Historic Homestead Office Spaces Available

      Versatile commercial property with historic charm and convenient location.
      130 E Main St, Clinton, CT 06413
      View Details
    • $1,000,000

      Shore Road Residences with Beach Rights

      Three residences with private beach rights, ideal for investment.
      176 Shore Rd, Clinton, CT 06413
      View Details
    • $8,500,000

      Award-Winning Vineyard Estate For Sale

      Established vineyard with tasting room, bistro, and event space.
      115 Cow Hill Rd, Clinton, CT 06413
      View Details
    • $69,000
      889 SF

      Open Office Space Available

      Open office space with new flooring and fresh paint.
      10 Bluff Ave, Clinton, CT 06413
      View Details
    • $2,400,000

      Fully Leased Retail and Office

      Well-maintained retail and office property with long-term tenants.
      250 E Main St, Clinton, CT 06413
      View Details
    • $725,000
      Pending

      Waterside Lane Property For Sale

      Property available for sale on Waterside Lane, Clinton, CT.
      13 Waterside Ln, Clinton, CT 06413
      View Details
    • $125,000
      Pending

      Updated Mobile Home in Clinton

      Updated mobile home with modern style and comfortable living space.
      133 W Main St, Clinton, CT 06413
      View Details
    • Contact for pricing
      12,399 SF

      Mixed-Use Building in Historic Clinton

      Mixed-use building in historic Clinton, CT, for lease or sale.
      1 W Main St, Clinton, CT 06413
      View Details
    • $1,000,000

      Shore Road Multifamily Property

      Multifamily property for sale on Shore Road.
      176 Shore Rd, Clinton, CT 06413
      View Details
    • $2,400,000

      Retail and Office Investment Property

      Fully leased retail and office property with long-term tenants.
      250 E Main St, Clinton, CT 06413
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.77 acre corner lot with high traffic volume.
    Where is this commercial land located?
    The property is located at 192 E Main St Clinton, CT.
    What is the asking price?
    The asking price for this property is $799,500.
    What are key features of this property?
    This property features: - High-traffic location on US Route 1 (East Main Street) in downtown Clinton.; - Corner lot at a traffic light with dual frontage (85 feet on Beach Park Road and 72 feet on Main Street).; - Proximity to national retailers.
    (860) 887-5000
    Request Owner's contact information
    192 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.
    192 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
    192 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
    Sam Lyman
    Real Estate License ID: REB.0793484
    (860) 887-5000 (860) 876-0359
    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!