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Mixed-Use Building with Apartments

377 Main Street, Niantic, CT 06357

For Sale
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Residential units and ground-floor commercial suites create a combined-use property on Main Street.

Property Size26,205 SF
Lot Size0.95 Acres
Days on Market22

Property Features for 377 Main Street

General Information

Standard status Active
Size 26,205 SF
Net Rentable 26,205 SF
Elevators Yes
Lot size 0.95 Acres
Property subtype Multifamily, Mixed Use
Occupancy 100%

Units

Unit Mix 18 x 1BR, 6 x 2BR
Multifamily Units 24

Additional Details

Average Monthly Rent $1,956
Mixed-Use Components residential, commercial
Tenant in Place Yes

Building Details

Year Built 2015
Buildings 1
Stories 3
Tenancy Multi
Listing Agency: Meridian Storage Group
Listed By: Taylor Dooley · License #SL3416087
Source: Crexi
Added: Oct 19 Changed: Nov 8 Last Checked: Nov 8 at 4:09PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Meridian Storage Group

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Investment Insights

Based on property information with market context.

Completed in 2015, this three-story mixed-use property contains 24 apartments and four commercial suites, with elevator service. The residential portion totals 21,683 square feet; its unit mix includes 18 one-bedroom and six two-bedroom apartments. The commercial suites add 4,522 square feet, bringing the building to 26,205 rentable square feet across approximately 0.95 acres. Apartment sizes range from 806 NRSF to 1,255 NRSF. Residential and commercial space are both fully occupied.

The property is at 377 Main Street in Niantic, Connecticut, a coastal village. Its commercial suites are positioned on the ground floor, with apartments forming the residential component above.

Key Highlights

  • 26,205 rentable square feet on approximately 0.95 acres
  • 24 apartments: 18 one‑bedroom and six two‑bedroom units
  • Four ground‑floor commercial suites totaling 4,522 square feet

Property Analytics

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Current Use

Sue Russ, Century21 ... Real Estate Agency Smith Brothers Insurance Insurance Agency Indian Woods Photography Photography Service Rick Bates Real ... Production Facility Dr. Sarah Zambarano Physician

Suggested Use

Top Pick HVAC Service Auto Parts Store Furniture & Home Goods Barber Shop Pharmacy Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

466
Businesses Nearby

Demographics for 06357, CT

11,404
Population
6,042
Households
1.9
Avg Household Size
52
Median Age
46%
College-Educated
96%
High-School Grad
10.6 sq mi
ZIP Area
1,076
Density / Sq Mi
$98,852
Median Household Income
$61,250
Median Earnings
$1,476
Median Rent
$369,600
Median Home Value
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Market

Average Price Trend$/SF for Mixed-use properties in New London County, CT

$201 Jul
$217 Aug
$206 Sep
$233 Oct

Properties on Market for Mixed-use properties in New London County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Residential units and ground-floor commercial suites create a combined-use property on Main Street.
Where is this mixed-use property located?
The property is located at 377 Main Street Niantic, CT.
What are key features of this property?
This property features: 26,205 rentable square feet on approximately 0.95 acres; 24 apartments: 18 one‑bedroom and six two‑bedroom units; Four ground‑floor commercial suites totaling 4,522 square feet
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