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2404-2410 Main St 5,468 SF 75% Leased Retail Building Stratford, CT 06615 $1,747,757 CAD ($319.63 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$203,513
|
$52.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$10,175
|
$2.63
|
| Effective Gross Income |
$193,338
|
$49.97
|
| Taxes |
$23,665
|
$6.12
|
| Operating Expenses |
$18,817
|
$4.86
|
| Total Expenses |
$42,482
|
$10.98
|
| Net Operating Income |
$150,855
|
$38.99
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $203,513 |
| Annual Per SF | $52.60 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $10,175 |
| Annual Per SF | $2.63 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $193,338 |
| Annual Per SF | $49.97 |
| Taxes (CAD) | |
|---|---|
| Annual | $23,665 |
| Annual Per SF | $6.12 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,817 |
| Annual Per SF | $4.86 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $42,482 |
| Annual Per SF | $10.98 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $150,855 |
| Annual Per SF | $38.99 |
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
$1,747,757 CAD
Price Per SF
$319.63 CAD
Cap Rate
5.72%
NOI
$99,972 CAD
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 | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Exceptional public transit
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | STRA-000409-000005-000003 | Total Assessment | $605,313 CAD (2025) |
| Land Assessment | $199,967 CAD (2025) | Annual Taxes | $23,665 CAD ($4.33 CAD/SF) |
| Improvements Assessment | $405,346 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
STRA-000409-000005-000003
Land Assessment
$199,967 CAD (2025)
Improvements Assessment
$405,346 CAD (2025)
Total Assessment
$605,313 CAD (2025)
Annual Taxes
$23,665 CAD ($4.33 CAD/SF)
Tax Year
2026
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2404-2410 Main St
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