2 Main St Sprague, CT 06330
Property Features for 2 Main St
General Information
- Property type
- Commercial
- Standard status
- Pending
- Lot size
- 0.78 Acres
Building Details
- Year built
- 1964
Source:
Elliman
Listing Agency: Seabury Hill REALTORS Listing Agent: John Hill
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Single-Story Commercial Building For Sale
This single-story brick commercial/office building offers 2,268 square feet of space and is situated on a 0.78-acre lot on Main Street in Baltic. Off-street parking is available for approximately 10 cars. The property is currently under a long-term lease with the United States Postal Office, which extends until 2029, with options to renew for two additional five-year terms until 2039. The current annual rent is $28,000. The first five-year renewal option increases the rent to $30,800 per year, and the second five-year option increases it to $33,800 per year. 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
(Bike/Boat/Book/etc) Store
United States Postal ...
Post Office
FAST-MAT LAUNDROMAT
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Sprague
- County
- New London
- State
- Connecticut
- Longitude
- -72.08575
- Latitude
- 41.616451
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Commercial building with long-term lease and renewal options.
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 annual income starting at $28,000, increasing to $30,800 and $33,800 in renewal periods.; - Tenant responsible for utilities, lawn care, and snow removal.
