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2404-2410 Main St 5,468 SF 75% Leased Retail Building Stratford, CT 06615 $1,275,000 ($233.17/SF) 5.72% Cap Rate
Investment Highlights
- A+ Downtown Stratford retail location walking distance to Metro North Train platform and right off I95
- Flexibility for owner occupancy on multiple units in excellent downtown Stratford location
- Significant upside potential in multiple retail units
- Two brand new heating and cooling units
Executive Summary
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.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$148,464
|
$38.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,423
|
$1.92
|
| Effective Gross Income |
$141,041
|
$36.45
|
| Taxes |
$17,264
|
$4.46
|
| Operating Expenses |
$13,727
|
$3.55
|
| Total Expenses |
$30,991
|
$8.01
|
| Net Operating Income |
$110,050
|
$28.44
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $148,464 |
| Annual Per SF | $38.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,423 |
| Annual Per SF | $1.92 |
| Effective Gross Income | |
|---|---|
| Annual | $141,041 |
| Annual Per SF | $36.45 |
| Taxes | |
|---|---|
| Annual | $17,264 |
| Annual Per SF | $4.46 |
| Operating Expenses | |
|---|---|
| Annual | $13,727 |
| Annual Per SF | $3.55 |
| Total Expenses | |
|---|---|
| Annual | $30,991 |
| Annual Per SF | $8.01 |
| Net Operating Income | |
|---|---|
| Annual | $110,050 |
| Annual Per SF | $28.44 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,468 SF
Building Class
C
Year Built
1965
Price
$1,275,000
Price Per SF
$233.17
Cap Rate
5.72%
NOI
$72,930
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.66
Lot Size
0.19 AC
Parking
10 Spaces (1.83 Spaces per 1,000 SF Leased)
Frontage
94’ on Main St
Amenities
- Bus Line
- Metro/Subway
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Goody Bassett's Ice Cream
- Retailer
- -
- -
- -
- Kama Sushi
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Goody Bassett's Ice Cream | Retailer | - | - | - | ||
| Kama Sushi | Retailer | - | - | - |
Walk Score®
Very Walkable (86)
Nearby Major Retailers
Property Taxes
| Parcel Number | STRA-000409-000005-000003 | Total Assessment | $438,410 (2025) |
| Land Assessment | $144,830 (2025) | Annual Taxes | $17,264 ($3.16/SF) |
| Improvements Assessment | $293,580 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
STRA-000409-000005-000003
Land Assessment
$144,830 (2025)
Improvements Assessment
$293,580 (2025)
Total Assessment
$438,410 (2025)
Annual Taxes
$17,264 ($3.16/SF)
Tax Year
2026
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2404-2410 Main St
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