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Downtown Mixed-Use Building
For Sale
$4,500,000

423 Main Street, Middletown, CT 06457

Commercial For Sale, Middletown, CT

Property Size39,000 SF
Lot Size0.18 Acres
Price / SF$115.38
Days on Market93

Property Features for 423 Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning B-1
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
Interior features Elevator,Fire Suppression System,Freight Elevator
Accessibility Accessible Elevator Installed
Directions Washington to main st.
Standard status Active
Size 39,000 SF
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2027
Tax Annual Amount 45328

Utilities

Sewer type Public Sewer
Cooling system Central Air
Water source Public

Building Details

Year built 1944
Listing Agency: Better Homes and Gardens Real Estate Executive Real Estate
Listed By: Maggie Damato
Added: Jun 10 Changed: Sep 6 Last Checked: Sep 10 at 5:06AM
MLS# 24182009

Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 423 Main Street in downtown Middletown, this mixed-use building contains approximately 39,000 square feet on a 0.18-acre site. Constructed in 1944, the property has undergone capital improvements and renovations. Interior features include passenger and freight elevators, a fire suppression system, accessible elevator access, and central air conditioning. Public water and public sewer serve the property.

The building sits along Main Street in Middletown, CT, near restaurants, retail businesses, entertainment venues, professional offices, cultural attractions, and major employers. Access to Route 9 and Interstate 91 connects the property with the greater Hartford and New Haven markets. B-1 zoning and the building’s mixed-use classification support its commercial positioning within the downtown corridor.

Key Highlights

  • Approximately 39,000 square feet on a 0.18‑acre site
  • B‑1 zoning in downtown Middletown
  • Main Street location near restaurants, retail, offices, and entertainment venues

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Furniture & Home Goods Catering Service Home Appliance Store Computer & Electronic Repair Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,161
Businesses Nearby

Demographics for 06457, CT

46,505
Population
22,138
Households
2.1
Avg Household Size
39
Median Age
41%
College-Educated
94%
High-School Grad
40.7 sq mi
ZIP Area
1,143
Density / Sq Mi
$74,003
Median Household Income
$48,240
Median Earnings
$1,392
Median Rent
$279,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - B-1 zoning, central air, and elevator service are in place.
Where is this mixed-use property located?
The property is located at 423 Main Street Middletown, CT.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Approximately 39,000 square feet on a 0.18‑acre site; B‑1 zoning in downtown Middletown; Main Street location near restaurants, retail, offices, and entertainment venues
More about this property
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