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Property profile & analytics
OFF-MARKET
Showrooms

2 Main St Baltic, CT 06330-7000

2,268 SF 0.78 ac lot Built 1964
Individually Owned 9-yr Hold Free & Clear
Property ID
US15-0608693
Property summary
AI-generated overview

This exceptional single-story brick commercial building, situated at 2 Main Street in Sprague, Connecticut, presents a compelling investment opportunity. Spanning 2,268 square feet, the property sits on a sizable 0.78-acre lot, providing ample off-street parking for approximately ten vehicles. The building's prime location on Main Street in the Baltic area ensures high visibility and accessibility. A significant advantage is the long-term lease currently in place with the United States Postal Service. This lease extends until 2029, with two additional five-year renewal options, potentially securing rental income until 2039. This provides exceptional stability and predictability for investors seeking a low-risk, high-yield asset. The building's sturdy brick construction ensures durability and low maintenance costs. The substantial lot size offers potential for future expansion or development, adding further value to this already attractive investment. Given the strong tenant and the extended lease terms, this property represents a rare opportunity to acquire a stable, income-generating commercial asset in a desirable location. The asking price of $325,000 reflects the exceptional value and potential of this property. Serious inquiries are encouraged.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1964
Construction FRAME
Total area 2,268 SF
Lot 0.78 ac (33,977 SF)
Zoning code C-2
APN SPRA M:26 B:08 L:01
UPID US15-0608693
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Baltic Wine & Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • United States Postal Service Shipping And Mailing Service Post Office
  • FAST-MAT LAUNDROMAT (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
State Of Connecticut · 9 yrs held
State Of Connecticut
since 2017
2 recorded transactions
2017
$500
2012
$1
Zoning & alternative use
C-2 · Baltic, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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