Mixed-Use Building in Middletown

480 Main St, Middletown, CT 06457

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For Sale

$1,450,000

Ten-unit mixed-use building with commercial and residential spaces.

Type:Commercial

HighLights

Stabilized mixed‑use building with 2 established commercial tenants, providing reliable income and CAM payments.
Significant value‑add opportunity through rent increases due to below‑market rents and near‑term lease expirations.
Eight large (900+ sq ft) one‑bedroom residential units, seven of which have been recently modernized.
Tenants pay for electric and hot water, maximizing net income for the owner.
Located in a highly competitive location and market with strong comparable rents.
Very Walkable location (Walk Score of 74).

We can help!

Listing Contact

Lindy Hoyt

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For Sale

$1,450,000

Ten-unit mixed-use building with commercial and residential spaces.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 5:50 pm

Property Features for 480 Main St

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1917

We can help!

Listing Contact

Lindy Hoyt

Listing agent Lindy Hoyt License #REB.0789668

Listing office Century 21 AllPoints Realty

Listing date Apr 24, 2026

Source Elliman

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 Century 21 AllPoints Realty

HighLights

Stabilized mixed‑use building with 2 established commercial tenants, providing reliable income and CAM payments.
Significant value‑add opportunity through rent increases due to below‑market rents and near‑term lease expirations.
Eight large (900+ sq ft) one‑bedroom residential units, seven of which have been recently modernized.
Tenants pay for electric and hot water, maximizing net income for the owner.
Located in a highly competitive location and market with strong comparable rents.
Very Walkable location (Walk Score of 74).

Overview

Located on Main St in Middletown, this ten-unit mixed-use building features two established commercial tenants on the ground floor and eight one-bedroom residential units above. The residential units are each over 900 square feet. Seven of the eight residential units have been modernized in recent years. The ground-floor commercial tenants provide income and contribute to CAM payments. Tenants are responsible for electric and hot water, maximizing net income. There is potential for income growth as current rents remain below market despite recent renovations. Multiple near-term lease expirations combined with comparable rents throughout the neighborhood support income growth for a new owner. The location has a walk score of 74, indicating it is very walkable, and a bike score of 33, indicating it is somewhat bikeable. This property is suitable for an investor seeking a mixed-use building with income and potential for growth and appreciation.

Location Intelligence

Current Use by Public Records

Ace Hardware of Middletown Building Supply Resharp Sharpening Service U-Haul Neighborhood Dealer Car Rental Facility Middletown Market (Bike/Boat/Book/etc) Store Middletown Self Storage ... Storage Facility

Suggested Use

Location Insight

Map
Local Demand

City: Middletown
County: Middlesex
State: Connecticut
Longitude: -72.6507628
Latitude: 41.562805

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What type of property is this?

Mixed-use property - Ten-unit mixed-use building with commercial and residential spaces.

Where is this mixed-use property located?

The property is located at 480 Main St Middletown, CT.

What is the asking price?

The asking price for this property is $1,450,000.

What are key features of this property?

This property features: Stabilized mixed‑use building with 2 established commercial tenants, providing reliable income and CAM payments.; Significant value‑add opportunity through rent increases due to below‑market rents and near‑term lease expirations.; **Eight large (900+ sq ft) one‑bedroom residential units, seven of which have been recently modernized.**