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Middletown Office & Retail Building
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423-425 Main St, Middletown, CT

Four-story office and retail building in downtown Middletown.

Space Size1,000 SF
Lot Size0.20 Acres
Days on Market1020

Property Features for 423-425 Main St

General Information

Standard status Active
Size 1,000 SF
Lot size 0.20 Acres
Property subtype OFFICE

Spaces For Lease

at 423-425 Main St
423 Main St $10/SF/Yr
Size 1,000 SF
Type OFFICE
Availability AVAILABLE, Now
Sublease No
- Single office suites starting at just $545/month including utilities**All utilities included/Custom build outs available* 423 Main Street is a beautifully kept four-story office and retail building located in the heart of Middletown’s idyllic downtown. - The new owners have carefully appointed the common areas with high quality moldings and finishes to create a warm modern industrial feel. - The 4th floor has been fully remodeled and offers single room offices with shared amenities including a fully furnished waiting room, a Corian counter topped kitchenette with a refrigerator and microwave and two separate rest rooms. - The third floor offers a private 600sf single room office that would be perfect for a busy professional that needs an office away from home. - The lower level space is wide open and approximately 7,800sf in size. - The space would make for a great dance studio and would also be well suited for a recreation/entertainment business like an arcade, ax throwing, virtual golf or even a bowling alley. - The landlords are open to discussing any other ideas a new tenant may have as well. Tenants are not responsible for their own utilities and the lower level could possible be subdivided. - The landlords are willing to work with a tenant on a build out that will fit their specific needs and set them up for success.
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Listing Agency: Harding Development Group
Listed By: Brendan Kelly · License #REB-0795159
Source: Moodyscre
Added: Jan 3, 2024 Changed: Oct 2 Last Checked: Oct 16 at 11:12AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Harding Development Group

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Investment Insights

Based on property information with market context.

Located in downtown Middletown, 423 Main Street is a four-story office and retail building. The common areas feature high-quality moldings and finishes. The fourth floor has been remodeled and offers single-room offices with shared amenities. These amenities include a furnished waiting room, a kitchenette with a Corian countertop, a refrigerator, a microwave, and two restrooms. The third floor provides a 600-square-foot private single-room office. The lower level offers an open space of approximately 7,800 square feet. This space is suitable for a dance studio or a recreation/entertainment business, such as an arcade, ax throwing, virtual golf, or a bowling alley. The landlords are open to discussing other ideas and are willing to work with a tenant on a build-out to fit their specific needs. Tenants are not responsible for their own utilities, and the lower level could possibly be subdivided. Single office suites are available starting at $545 per month, including utilities.

Key Highlights

  • All utilities included in monthly rent (starting at $545)
  • Custom build‑outs available to fit specific tenant needs
  • Prime downtown Middletown location

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Carpet & Flooring Store Catering Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Veterinary Clinic Pet Grooming Service

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

NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,955
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Middletown, CT

$19.14 /SF/Yr
Avg Asking Price
$3.6–$32.42 /SF/Yr
Price Range
1,907 SF
Avg Space Size

This space is priced 48% below the average of $19.14 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office units - Four-story office and retail building in downtown Middletown.
Where is this office units located?
The property is located at 423-425 Main St Middletown, CT.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: All utilities included in monthly rent (starting at $545); Custom build‑outs available to fit specific tenant needs; Prime downtown Middletown location
(860) 463-3326 Call to check price and availability
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