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Property profile & analytics

49 Main St Baltic, CT 06330-1346

  • Showrooms
  • 2,121 SF
  • 0.10 lot acres
OFF-MARKET
Last Sale
Dec 21, 2023
$80,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US15-0901447
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Showrooms

Property Details for 49 Main St

Year built
1880
Construction
STEEL FRAME
Lot size
0.10 lot acres
Property size
2,121 SF
Zone code
C-2
Property type
Showrooms
APN
SPRA M:26 B:01 L:03
APU
SPRAM26B01L03

Description

This exceptional investment opportunity presents a fully operational restaurant located at 49 W. Main Street in Sprague, Connecticut, within the desirable C-2 zoned district. The property boasts a 0.1-acre lot and encompasses a well-established restaurant space with a proven track record. Previously a thriving breakfast establishment and more recently a pizza restaurant, this 40-seat eatery is equipped for immediate operation. The turnkey setup includes essential commercial kitchen equipment such as two walk-in coolers, a grill, and an oven, minimizing the need for significant upfront investment. The restaurant's history demonstrates its viability within the local market, offering a strong foundation for continued success. Adding to its appeal is a residential apartment situated above the restaurant, providing additional income potential or convenient owner's housing. The property's prime location in downtown Baltic ensures high visibility and accessibility to a steady stream of customers. This combined commercial and residential property presents a rare opportunity to acquire a profitable business with significant upside potential in a thriving Connecticut community. The asking price is $495,000. The property is situated in New London County, Connecticut, zip code 06330.


Value Estimations

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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Baltic
County
New London
State
Connecticut
Longitude
-72.0872
Latitude
41.6165
CBSA code
35980
CBSA name
NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,620
$25,200
$63,600
$88,800
-
$0.00
$0.00
$0.00
More about this property
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