49 Main St Baltic, CT 06330-1346
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.
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
C-2 · 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.