13 Main St East Hampton, CT 06424-1049
- Industrial properties
- 4,004 SF
- 0.92 lot acres
Current Use by Public Records
- Sweet Jean's Cafe / Restaurant
- Boomer's Boards / Wood Working Class / Woodworker
Property Details for 13 Main St
- Year built
- 1925
- Construction
- FRAME
- Lot size
- 0.92 lot acres
- Property size
- 4,004 SF
- Zone code
- C
- Property type
- Industrial properties
- APN
- EHAM M:01A B:39A L:28B
- APU
- EHAMM01AB39AL28B
Description
This exceptional mixed-use property in East Hampton, Connecticut, presents a unique investment opportunity. Located at 13 N Main St, 06424, this meticulously renovated building sits on a 0.92-acre lot (40,075 sq ft) and comprises three distinct units. The ground floor features a 2,300 sq ft restaurant currently under lease, and a 1,500 sq ft occupied lower unit in the rear. An 850 sq ft vacant upper unit, situated above the restaurant, offers immediate rental potential. Each unit boasts its own bathroom. A complete renovation in 2023 included new siding, windows, doors, gutters, roof, electrical, plumbing, gas lines, and interior finishes – floors, walls, and more are brand new. Adding to its versatility, a 25 x 25 ft pad at 15 North Main Street, with town-approved foundation for mechanical and electrical permits, allows for the construction of an additional structure or expansion of existing parking. The property also includes a charming tower slated for relocation to the main building. Utilities are separately metered gas and electric, with air conditioning in the lower units and a new split system upstairs. Water is supplied by a well, and sewer is public. Ample parking is available, with 25 spaces for restaurant patrons and tenants. This turnkey property offers immediate income generation and significant long-term growth potential in a desirable location. The asking price is $1,250,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $265,000
- 7%
- $240,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $255,000
- Retail
- $250,000
- Mixed-Use
- $285,000
- Hospitality
- $285,000
- Educational
- $205,000
- Residential Income
- $205,000
- Energy
- $275,000
- Income-Based Land
- $230,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- East Hampton
- County
- Middlesex
- State
- Connecticut
- Longitude
- -72.5073
- Latitude
- 41.584
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA