Prime Middletown location, versatile space, ample parking.
Property size:
1,136 SF
Description
Added:
Feb 3, 2025
Days on Market:
343
This exceptional 1,136 square foot commercial property at 50 Saint Johns Street in Middletown, CT, presents a fantastic opportunity for a wide range of businesses. Situated on a 0.08-acre lot, this concrete building boasts a spacious and adaptable open floor plan, perfect for customization to meet your specific needs. Recent upgrades include fresh paint, new windows, new carpeting, and a 2-year-old AC split unit. The property also features a rear storage area or private office space, providing additional room for operations, inventory, or employee use. Heating is provided by a gas-powered forced hot air system, and the building is equipped with 3-phase electrical service, ensuring sufficient power for various business activities. Ample parking is available both in front and in the rear of the building, accommodating up to six vehicles. Currently used as a martial arts studio, this property's location in the MXI zone allows for diverse uses, including (but not limited to) machine shops, auto repair, catering services, production sites, liquor stores, retail shops, convenience stores, dry production facilities, dry cleaners, and laundries. Its convenient access to Route 9, Hartford, and the shoreline, coupled with its proximity to Middletown's bustling downtown area, makes this an ideal location for establishing or expanding your business. The permitted uses are detailed in the attached zoning documents. Don't miss this chance to secure a thriving business location in a desirable area. Priced at $117,500.
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50 Saint Johns St Middletown, CT 06457
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Realmo Value Estimation
Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods.
Disclaimer
These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
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AI approach
Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.
Cap approach
Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
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50 Saint Johns St Middletown, CT 06457
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50 Saint Johns St, Middletown, CT
Stanley Martone
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50 Saint Johns St, Middletown, CT
Stanley Martone
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50 Saint Johns St, Middletown, CT
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50 Saint Johns St, Middletown, CT
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50 Saint Johns St, Middletown, CT
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50 Saint Johns St, Middletown, CT
Stanley Martone
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