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Mixed-Use Building with Retail Space

390 South Main Street, Middletown, CT 06457

For Sale
New
$399,000

Two upper-level apartments sit above ground-floor commercial space, with potential residential conversion subject to required approvals.

Property SizeContact for details
Days on Market2

Property Features for 390 South Main Street

General Information

Standard status Active
Property subtype Multi Family
Zoning MXC

Site & Location

Road Access Yes
Mixed-Use Components retail, residential

Units

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

Amenities

washer/dryer hookups
solar panels
off-street parking

Building Details

Year Built 1998
Buildings 1
Listing Agency: Santana Realty Group LLC
Listed By: Victor L Santana · License CT REB.0793797
Source: Capmarkrealty
Added: Nov 12 Last Checked: Nov 12 at 2:37PM

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

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Investment Insights

Based on property information with market context.

The 1998 property combines two upstairs apartments with a ground-level retail area. Each apartment has one bedroom and one bathroom, plus washer and dryer hookups and an electric water heater. Oil heat serves the building, while solar panels serve all units. A newer roof and included appliances are also noted; washers and dryers are excluded. The site has off-street parking with driveway access at the front, side, and rear.

The retail area may be convertible to two additional, larger residential units. Preliminary verbal feedback from the City of Middletown indicates a four-unit residential configuration may be possible, contingent on formal application, approvals, permits, and inspections. The property is zoned MXC.

Key Highlights

  • Two existing upper‑level apartments, each with one bedroom and one bathroom
  • Ground‑floor retail area with potential for two additional, larger apartments, subject to required approvals
  • Solar panels serve all units; oil heating and electric water heaters

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Home Appliance Store Garden Center Computer & Electronic Repair Furniture & Home Goods

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
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,161
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

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 Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two upper-level apartments sit above ground-floor commercial space, with potential residential conversion subject to required approvals.
Where is this mixed-use property located?
The property is located at 390 South Main Street 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: Two existing upper‑level apartments, each with one bedroom and one bathroom; Ground‑floor retail area with potential for two additional, larger apartments, subject to required approvals; Solar panels serve all units; oil heating and electric water heaters
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