Profitable Medical/Office Investment
51-57 S Main St Middletown, CT 06457
For Sale
$1,695,000
Two meticulously maintained properties with immediate cash flow potential.
Days on Market98
Property Features for 51-57 S Main St
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1860
Listing Agency:
Harding Development Group
(860) 463-3326
Listed By:
Brendan Kelly · License #REB-0795159
(860) 463-3326
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 11:09AM
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
Investment Insights
Based on property information with market context.
The properties at 51 & 57 South Main Street in Middletown are available for purchase as a package. These medical/office investment properties offer immediate cash flow through triple net lease structures. The properties are located directly across the street from Middlesex Health's main hospital campus. The parking area has been newly paved and striped, offering parking for 30+ vehicles. The properties provide easy access to State Route 9. The HVAC units at 57 South Main Street were replaced approximately 5 years ago. A partial roof replacement and chimney work were completed at 51 South Main Street approximately 5 years ago. The building at 51 South Main Street has been meticulously maintained, preserving the late 1800s architecture. The elevator at 57 South Main Street underwent major servicing in 2025, including the installation of new hydraulics. There is owner/user potential with non-renewal of leases. The basement at 57 South Main Street is currently used for owner storage.
Key Highlights
- 7.4% In‑Place Cap Rate: Provides substantial immediate cash flow.
- NNN Lease Structure: Minimizes landlord responsibilities and expenses.
- Strategic Location: Directly across from Middlesex Health's main hospital campus, offering potential appreciation.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Pieper Veterinary Berlin Street — 150 Berlin St, Middletown, CT 06457
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two meticulously maintained properties with immediate cash flow potential.
Where is this medical office space located?
The property is located at 51-57 S Main St Middletown, CT.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 7.4% In‑Place Cap Rate: Provides substantial immediate cash flow.; NNN Lease Structure: Minimizes landlord responsibilities and expenses.; Strategic Location: Directly across from Middlesex Health's main hospital campus, offering potential appreciation.
