290 Main St Baltic, CT 06330
This exceptional commercial property, situated at 290 Main Street in the heart of Sprague, Connecticut, presents a rare investment opportunity. The building boasts a prime location, offering excellent visibility and accessibility. The property encompasses a substantial 0.9-acre lot, providing ample space and potential for future development or expansion. Currently, the building is occupied by a long-term tenant, the United States Postal Service, ensuring a stable and reliable income stream. This presents a low-risk, high-reward investment prospect for savvy buyers seeking a secure and established commercial asset. The building's central location within Sprague makes it highly desirable for a variety of commercial uses, and its current occupancy by a government entity provides significant stability and predictability. The asking price of $100,000 represents exceptional value for a property of this caliber, in this desirable location, with a long-term, reliable tenant. This is a truly unique opportunity to acquire a well-established commercial property with significant potential for future growth and appreciation. Serious inquiries are encouraged to explore this exceptional investment opportunity further. The property is offered as-is.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-20 · Baltic, CTCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.