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$ 199,000
$ 199,900 0.5%
Est. payment | /mo
2 Baths
2,268 SqFt
$ 199,000
$ 199,900 0.5%
Est. payment | /mo
2 Baths
2,268 SqFt
Key Details
Sold Price $199,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,268 sqft
Price per Sqft $87
MLS Listing ID 24068714
Sold Date 05/08/26
Half Baths 2
Year Built 1964
Annual Tax Amount $3,899
Lot Size 0.780 Acres
Property Description
Great single story brick 2268 SQ FT commercial/Office building located on Main ST in Baltic located on large .78 acre lot with off street parking for ~10 cars. The building has a long term lease with the United States Postal office until 2029 ($28,000/per year) with two additional 5 year option for the post office to renew until 2039. The rent on the first five year option goes up to $30,800 per year and then $33,800 for second five year option. The tenant is responsible for utilities, lawn care and snow removal. Landlord is responsible for Taxes, Insurance and maintenance on the building. Great investment opportunity with amazing tenant in place!
Location
State CT
County New London
Zoning C-2
Interior
Heating Hot Water
Cooling None
Exterior
Exterior Feature Sidewalk, Gutters, Lighting
Utilities Available Electric, Phone Available
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Slab
Sewer Septic
Water Public Water Connected
Listed by John Hill • Seabury Hill REALTORS
Bought with JD Altobello • Trophy Properties
Bought with JD Altobello • Trophy Properties
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