Profitable Medical/Office Investment
For Sale
$1,695,000
51-57 S Main St, Middletown, CT 06457
Two meticulously maintained properties with immediate cash flow potential.
Property Size8,390 SF
Price / SF$202.03
Days on Market143
Property Features for 51-57 S Main St
General Information
Standard status
Active
Size
8,390 SF
Property subtype
Commercial
Zoning
MXC
Taxes and HOA fees
Annual Taxes
$18,665
Building Details
Year Built
1860
Listing Agency:
Harding Commercial Real Estate
(203) 758-0264
Listed By:
Brendan Kelly · License #REB-0795159
(860) 344-5551
Source:
Davejonesrealty
Added: Apr 24
Changed: Sep 5
Last Checked: Sep 12 at 9:44AM
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 Harding Commercial Real Estate
Investment Insights
Based on property information with market context.
The properties at 51 & 57 South Main Street in Middletown are available for purchase as a package. These medical/office investment properties offer immediate cash flow through triple net lease structures. The properties are located directly across the street from Middlesex Health's main hospital campus. The parking area has been newly paved and striped, offering parking for 30+ vehicles. The properties provide easy access to State Route 9. The HVAC units at 57 South Main Street were replaced approximately 5 years ago. A partial roof replacement and chimney work were completed at 51 South Main Street approximately 5 years ago. The building at 51 South Main Street has been meticulously maintained, preserving the late 1800s architecture. The elevator at 57 South Main Street underwent major servicing in 2025, including the installation of new hydraulics. There is owner/user potential with non-renewal of leases. The basement at 57 South Main Street is currently used for owner storage.
Key Highlights
- 7.4% In‑Place Cap Rate: Provides substantial immediate cash flow.
- NNN Lease Structure: Minimizes landlord responsibilities and expenses.
- Strategic Location: Directly across from Middlesex Health's main hospital campus, offering potential appreciation.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,224
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two meticulously maintained properties with immediate cash flow potential.
Where is this medical office space located?
The property is located at 51-57 S Main St Middletown, CT.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 7.4% In‑Place Cap Rate: Provides substantial immediate cash flow.; NNN Lease Structure: Minimizes landlord responsibilities and expenses.; Strategic Location: Directly across from Middlesex Health's main hospital campus, offering potential appreciation.
