Stratford, CT

DETAILS

NO. UNITS

4

APPROX. SF

5,482

PRICE / SF

PRICE / UNIT

PRICE

CONTACT

Daniel Shawah
203-521-6348

PROPERTY DESCRIPTION

Baldwin Pearson & Co., Inc. is pleased to present 2404 Main Street Stratford, CT to the market. This exceptionally well-located retail asset is located in the Transit District in Downtown Stratford and sits along a highly visible, heavily trafficked corridor, just steps from the Metro-North train station, making it an outstanding opportunity for both investors and owner-users. The property features four retail storefronts, delivering immediate and stable cash flow with clear upside potential. The property will be delivered with flexibility for a new owner to pursue owner-user occupancy on select units or re-lease at higher market rents, while preserving strong in-place income. 2404 Main Street offers investors immediate returns with the opportunity to enhance value through rent growth across the retail lineup, in one of Stratford’s most sought-after commercial locations.

Select Property Highlights:

  • Premier retail location in Stratford, anchored by a neighborhood staple Kama sushi restaurant along the town’s premiere retail corridor, steps from the Metro North train platform, and right off I95
  • Significant upside potential across most units, with ground-floor retail rents in this area of Stratford renting north of $30 per square foot
  • Month-to-month tenancy at the ice cream parlor and an adjacent vacant storefront provide flexibility for re-leasing at market rates or accommodating owner-user occupancy
  • The property is separately metered utilities throughout, improving operational efficiency and reducing landlord expenses
  • Ownership recently installed two brand new heating and cooling units