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    71 E Main St Middletown, CT 06457

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    For Sale
    $229,000

    Mixed-use property with commercial space and residential units near downtown.

    Lot size:
    0.15 Acres

    Property Features for 71 E Main St

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1900

    Source: VC Property Group, LLC Agent Connor T. Wenchell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Asset Near Downtown

    This mixed-use asset, situated on a corner lot in close proximity to downtown Middletown, presents an opportunity for value addition. The property includes a vacant commercial space on the ground level, previously operated as a bar and restaurant combo, featuring a bar area, main dining room, kitchen, and a half bathroom. The upper two floors house three residential units: a one-bedroom, a two-bedroom, and a three-bedroom apartment. These units will be conveyed vacant, allowing for immediate renovations. The property offers potential for an owner-operator to enhance their existing business or establish a new venture.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6434112
    Latitude
    41.5538951

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space and residential units near downtown.
    Where is this mixed-use property located?
    The property is located at 71 E Main St Middletown, CT.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: - Potential for $7,000 monthly income after renovations.; - Estimated after-repair value of at least $480,000.; - Vacant commercial space ideal for owner-operator business.
    (860) 343-7800
    Request Owner's contact information
    71 E Main 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.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    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.

    More about this property
    71 E Main St Middletown, CT 06457
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