Mixed-Use Building in
For Sale
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480 Main Street, Middletown, CT 06457
Ten-unit mixed-use property with commercial and residential spaces.
Property Size13,837 SF
Price / SF$93.95
Days on Market183
Property Features for 480 Main Street
General Information
Standard status
Active
Size
13,837 SF
Property subtype
Special Purpose
Building Details
Year Built
1917
Listing Agency:
Century 21 Allpoints Realty Southington
(860) 508-2102
Listed By:
Lisa Cozzi · License #CT REB.0789668
Source:
Crexi
Added: Feb 18
Changed: Aug 14
Last Checked: Aug 14 at 6:05AM
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 Southington
Investment Insights
Based on property information with market context.
Located on Main St in Middletown, this mixed-use brick building features 10 units. The property includes 2 established commercial tenants on the ground level and 8 one-bedroom residential units above, each exceeding 900 square feet. The ground-floor commercial tenants provide income and contribute to CAM payments. Seven of the eight residential units have been modernized in recent years. Tenants are responsible for electric and hot water. There is potential for increased value, as current rents are below market rates despite recent renovations. Multiple near-term lease expirations combined with strong comparable rents throughout the neighborhood support income growth for a new owner. The property size is 13,837 square feet. This asset is suitable for an investor seeking a stabilized mixed-use building with income and potential for growth and appreciation.
Key Highlights
- Stabilized mixed‑use building with reliable income.
- Significant value‑add opportunity through rent increases.
- Eight large (900+ sq ft) one‑bedroom residential units, 7 recently modernized.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,161
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ten-unit mixed-use property with commercial and residential spaces.
Where is this mixed-use property located?
The property is located at 480 Main Street 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: Stabilized mixed‑use building with reliable income.; Significant value‑add opportunity through rent increases.; Eight large (900+ sq ft) one‑bedroom residential units, 7 recently modernized.
