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Mixed-Use Building with Ground-Floor Retail

390 South Main, Middletown, CT 06457

For Sale
New
$399,000

Two upstairs apartments sit above a retail area that may be considered for residential conversion, subject to approvals.

Property Size1,998 SF
Price / SF$125.39
Days on Market6

Property Features for 390 South Main

General Information

Standard status Active
Size 1,998 SF
Property subtype 4 Family
Lease Term Listing ID: 24220282, Standard Status: Active, MLS Status: Active, Property Subtype: 4 Family, 2 days on market

Units

Unit Mix 2 x 1BR/1BA
Multifamily Units 2

Additional Details

Mixed-Use Components retail, residential

Amenities

washer/dryer hookups
electric water heaters
oil heating
solar panels
newer roof
off-street parking
driveway access

Building Details

Building Size 1,998 SF
Year Built 1998
Listing Agency: Santana Realty Group LLC
Listed By: Victor Santana · License CT REB.0793797
Source: Iverty
Added: Nov 9 Changed: Nov 12 Last Checked: Nov 12 at 2:28PM

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 Santana Realty Group LLC

Rey
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Investment Insights

Based on property information with market context.

This 3,182-square-foot mixed-use property, built in 1998, combines ground-level retail space with two apartments on the upper floor. Each apartment has one bedroom and one bathroom, washer and dryer hookups, and an electric water heater. Oil heat serves the property, and solar panels provide service to all units. A newer roof and included appliances (excluding washers and dryers) are additional features.

The retail area could be evaluated for conversion into two larger residences. City feedback has been preliminary and verbal; any residential conversion would require a formal application, approvals, permits, and inspections. Off-street parking is accessed from the front, side, and rear driveways.

Key Highlights

  • 3,182 SF mixed‑use property built in 1998
  • Ground‑floor retail space with potential for conversion to two larger residences, subject to approvals and permits
  • Two upper‑level apartments, each with 1 bedroom and 1 bathroom

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

The Man Cave & She ... Department Store Barberdolls Family Hair ... Hair Salon

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Garden Center Furniture & Home Goods Parking Lot & Garage

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

790
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
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Market

Average Price Trend$/SF for Mixed-use properties in Middlesex County, CT

$183 Jul
$164 Aug
$170 Sep
$164 Oct

Properties on Market for Mixed-use properties in Middlesex County

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two upstairs apartments sit above a retail area that may be considered for residential conversion, subject to approvals.
Where is this mixed-use property located?
The property is located at 390 South Main Middletown, CT.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 3,182 SF mixed‑use property built in 1998; Ground‑floor retail space with potential for conversion to two larger residences, subject to approvals and permits; Two upper‑level apartments, each with 1 bedroom and 1 bathroom
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