Downtown Mixed-Use Brick
For Sale
$1,300,000
480 Main St, Middletown, CT 06457
A brick mixed-use building with eight residential units and two retail storefronts, supporting shared operating expenses.
Property Size13,837 SF
Price / SF$93.95
Days on Market54
Property Features for 480 Main St
General Information
Standard status
Active
Size
13,837 SF
Property subtype
Commercial
Additional Details
Multifamily Units
8
Building Details
Year Built
1917
Listing Agency:
Century
(203) 758-0264
Listed By:
Lindy Hoyt
Source:
Davejonesrealty
Added: Jun 16
Changed: Jul 10
Last Checked: Aug 7 at 2:33AM
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
Investment Insights
Based on property information with market context.
480 Main Street is a brick mixed-use building in Downtown Middletown with eight residential units and two commercial storefronts. The residential units are described as spacious, with 900+ square feet each, soaring ceilings, hardwood flooring, functional built-ins, and oversized layouts. Seven of the eight units have been updated, and many include newer hot water heaters. The roof is reported to be well-maintained, supporting day-to-day building operations.
The property is served by two ground-floor storefront spaces, including a 3,100 SF space and a 1,100 SF space occupied by a long-term tenant. Commercial tenants contribute approximately 40% of CAM expenses. The building’s setting is downtown, with restaurants, shopping, and entertainment located within walking distance.
This configuration is well-suited for buyers looking for an income-producing mixed-use ownership with both residential and retail tenants. The presence of a long-term retail tenant and the stated commercial contribution toward CAM expenses may help create a more balanced operating structure for an owner. Residential and retail components also offer diversification within the same brick building.
The property is served by two ground-floor storefront spaces, including a 3,100 SF space and a 1,100 SF space occupied by a long-term tenant. Commercial tenants contribute approximately 40% of CAM expenses. The building’s setting is downtown, with restaurants, shopping, and entertainment located within walking distance.
This configuration is well-suited for buyers looking for an income-producing mixed-use ownership with both residential and retail tenants. The presence of a long-term retail tenant and the stated commercial contribution toward CAM expenses may help create a more balanced operating structure for an owner. Residential and retail components also offer diversification within the same brick building.
Key Highlights
- Brick mixed‑use building built in 1917 with 8 residential units and 2 commercial storefronts
- Residential units offer 900+ SF each, with soaring ceilings, hardwood flooring, and oversized layouts
- Seven of the eight residential units have been updated, with many featuring newer hot water heaters
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,955
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - A brick mixed-use building with eight residential units and two retail storefronts, supporting shared operating expenses.
Where is this apartment building located?
The property is located at 480 Main St Middletown, CT.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Brick mixed‑use building built in 1917 with 8 residential units and 2 commercial storefronts; Residential units offer 900+ SF each, with soaring ceilings, hardwood flooring, and oversized layouts; Seven of the eight residential units have been updated, with many featuring newer hot water heaters
