For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

480 Main Street Ext Middletown, CT 06457

View on Map
Loading data...
Loading data...
Loading data...
For Sale
$1,450,000

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

Property size:
13,837 SF

Property Features for 480 Main Street Ext

General Information

Standard status
Active
Size
13,837 SF

We can help!

Listing Contact
Lisa Cozzi
Source: Crexi

Listing Agency: Century 21 Allpoints Realty Southington Listing Agent: Lisa Cozzi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more


Overview

Mixed-Use Building in Middletown

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.
Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Middletown
County
Middlesex
State
Connecticut
Longitude
-72.6401721
Latitude
41.54945

FAQs

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 Ext 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 reliable income.; - Significant value-add opportunity through rent increases.; - Eight large (900+ sq ft) one-bedroom residential units, 7 recently modernized.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message