Profitable Medical/Office Investment
For Sale
$1,695,000
51-57 South Main Street, Middletown, CT 06457
Meticulously maintained medical/office properties with immediate cash flow.
Property Size8,390 SF
Lot Size0.52 Acres
Price / SF$202.03
Days on Market170
Property Features for 51-57 South Main Street
General Information
Standard status
Active
Size
8,390 SF
Lot size
0.52 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$18,665
Amenities
Central air
Asphalt Shingle Roof
Central Air Cooling
Dry
Hot Air Heating
Building Details
Year Built
1860
Listing Agency:
Harding Commercial Real Estate
(860) 344-5551
Listed By:
BRENDAN KELLY · License #REB-0795159
Source:
Corcoran
Added: Mar 4
Changed: Aug 20
Last Checked: Aug 21 at 8:25AM
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 being offered for sale as a package. These meticulously maintained medical and office investment properties offer substantial immediate cash flow through investor-friendly triple net lease structures. The properties are located directly across the street from Middlesex Health's main hospital campus. The location offers significant additional upside through appreciation. The property features a newly paved and striped parking area with parking for over 30 vehicles and easy access to State Route 9. 51 South Main Street has been meticulously maintained, preserving the late 1800s architecture and period-appropriate fits and finishes. 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 elevator at 57 South Main Street underwent major servicing in 2025, including the installation of new hydraulics. The 8,390 square foot property has 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: Investor‑friendly, allowing for rent collection with minimal cash outlay.
- Strategic Location: Directly across from Middlesex Health's main hospital campus, offering appreciation potential.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,781
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Meticulously maintained medical/office properties with immediate cash flow.
Where is this medical office space located?
The property is located at 51-57 South Main Street 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: Investor‑friendly, allowing for rent collection with minimal cash outlay.; Strategic Location: Directly across from Middlesex Health's main hospital campus, offering appreciation potential.
