Price: $81.81/SF, Asking Price: $2,150,000
484 Main St., Middletown, CT 06457
- Retail / Investment
- Building Size: 26,280 SF
- Lot Size: .35 Acres
- Type: Office
Regions Commercial, LLC exclusively presents a 95% occupied, multi-tenant investment opportunity anchored by the State of Connecticut, downtown Middletown, CT near Middlesex Hospital and courthouse. Building consists of +/-26,200 SF on .25 AC, B-1 zoning, plus an additional .10 acre contiguous parking lot at 9 Alsop Ave.
This four-story, brick building is handicap accessible serviced by an elevator, has two retail stores on the ground floor and offices on the second, third, and fourth floors. State of Connecticut is the anchor tenant in the building and has occupied approximately 40% of the building for over 20 years. Other tenants include attorneys, dentist, and a restaurant. Building NOI is approximately $200,000 annually.
Each unit is separately metered for electric and natural gas and paid by Tenants. Building is connected to city water and sewer and has a wet sprinkler system throughout and updated plumbing and electrical. Roof is about 5 years old. Forced hot air HVAC system with RTU’s. Building is handicap accessible. There are 36 parking spaces that are dedicated to this building.
Middletown is centrally located in Connecticut half-way between Hartford, CT and New Haven, CT. Middletown, CT is easily accessible by highway Route 9 which runs from West Hartford to the shoreline communities, and is experiencing large growth with a robust medical corridor one mile from subject property, an infusion of eclectic restaurants, and 0% Class-A office vacancy downtown as well as many new developments in the pipeline including a harbor side mixed-use project.
DISCLAIMER: Information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties are subject to change or withdrawal without notice.