1 East Main Street Griswold, CT ^$ 1,175,000

1 East Main Street

^$ 1,175,000

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1 East Main Street

Griswold, CT, 06351

^$ 1,175,000

Studio Baths5.0 Sq 17,556

Monthly Estimate*

^$ 7,809

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Studio

Commercial Property for sale in Griswold, CT

for $1,175,000 with 5 full baths. This 17,556 square foot building was built in 1850 on a lot size of 0.24.

Rarely available cash flowing 11-unit opportunity in downtown Jewett City! The property features 7 residential units and 4 commercial units. Each unit has separate utilities and there is on/off street parking. Coin-op laundry on site for tenant convenience and additional income! Several units have been updated in the last few years with modern kitchens and bathrooms. Additional upgrades include a new roof in 2019, 2 new hot water heaters in 2023 and a new gas boiler in 2022. Amazing value add potential with increased rents and upgrades.

Commercial Active

Price

^$ 1,175,000

Bedrooms

Studio

Full Bath

Property Type

Commercial

Taxes

^$ 0

Style

Commercial For Sale

Lot Size

0.24

Year Built

1850

Town/City

Griswold

MLS | Web ID

24016079

Features

General

Zoning B-C

Full Baths 5

Half Baths 0

Year Built 1850

Neighborhood N/A

Heater Type Hot Water

County New London

Present Use Residential

Tax Year July 2023-June 2024

Location Highway Access

Net Operating Income 84990

Property Type Commercial For Sale

Status Active

Acres 0.24

Directions GPS Friendly

City Griswold

Street Name Main

Sq Ft Total 17556

DOM 23

Interior

Cooling System None

Total Rooms 0

Utilities Available Gas Telephone Cable

Total Bathrooms 5

Total Bedrooms 0

Total Number of Units 11

Exterior

Water Source Public Water In Street

Lot Description Level Lot

* Excluded Features

List By

Maddy Ceruti

Listing Agent

Berkshire Hathaway Ne Prop.

Broker

MaddyCeruti@bhhsne.com

Affordability Calculator

$7,809

Per Month

Monthly Principal & Interest: $7,809
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Griswold, CT

Average List Price ^$1,252,980

Percent of Sale Price 7%

About Griswold, CT

12,057 Population

12% Since 2002

^$59,789 Median Income

42.11 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

899581 Elementary School

895635 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/8/2024	$1,175,000		Listed Price

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1 East Main Street, Griswold, CT, 06351 is a Commercial Property for sale at $1,175,000 with 17,556 sqft and a lot size of 0.24. 1 East Main Street is a studio with 5.0 baths and was built in 1850. The property's zip code is 06351 which is in Griswold, CT

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to a buying decision should be independently verified.

Information on this this page is provided by the Smart Multiple Listing Service, Inc. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site other than by consumers looking to purchase real estate is prohibited.

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1 East Main Street

Commercial Property for sale in Griswold, CT

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