1290 & 1297 Main Street | 1297 Main St
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1290 & 1297 Main Street 1297 Main St
2,475 SF 100% Leased Office Building Watertown, CT 06795 $399,900 ($162/SF)
Investment Highlights
- In the center of town, close to all local restaurants and stores.
Executive Summary
A unique commercial property, featuring one of the oldest homes in the bustling commercial district. This property comprises two buildings on a single parcel. The first building is a historic cape boasting three fireplaces, wide board flooring, an enclosed porch, and three bedrooms. The second building provides ground-level office space and was recently renovated by the current tenant. Ample parking and high visibility from Main Street make this a prime investment opportunity. While both are designated commercial property, the charming antique cape has been a residential home for many years.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$39,000
|
$15.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$39,000
|
$15.76
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $39,000 |
| Annual Per SF | $15.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $39,000 |
| Annual Per SF | $15.76 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
2,475 SF
Building Class
C
Year Built
1790
Price
$399,900
Price Per SF
$162
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,238 SF
Slab To Slab
9’
Building FAR
0.07
Land Acres
0.86 AC
Zoning
BG - General Business and Shopping Center Business
Parking
4 Spaces (1.62 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Edward Jones
- Finance and Insurance
- 934 SF
- $22.00
- Plus All Utilities
- -
- Greco Inspections
- Real Estate
- 1,200 SF
- $11.18
- Plus All Utilities
- May 2025
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Edward Jones | Finance and Insurance | 934 SF | $22.00 | Plus All Utilities | - | |
| Greco Inspections | Real Estate | 1,200 SF | $11.18 | Plus All Utilities | May 2025 |
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PROPERTY TAXES
| Parcel Number | WATE-000122-000083-000045 | Improvements Assessment | $174,440 (2024) |
| Land Assessment | $88,480 (2024) | Total Assessment | $262,920 (2024) |
PROPERTY TAXES
Parcel Number
WATE-000122-000083-000045
Land Assessment
$88,480 (2024)
Improvements Assessment
$174,440 (2024)
Total Assessment
$262,920 (2024)
-
Tim Drakeley - Drakeley Real Estate Inc
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1290 & 1297 Main Street | 1297 Main St
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