Permit-Ready Residential Development
For Sale
$935,000
54 Washington Street, Middletown, CT 06457
Development opportunity with permits in hand for 18 residential units.
Property Size12,288 SF
Lot Size0.13 Acres
Price / SF$76.09
Days on Market310
Property Features for 54 Washington Street
General Information
Standard status
Active
Size
12,288 SF
Lot size
0.13 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,456
Amenities
EPDM Synthetic Rubber Roof
Steam Heating
Building Details
Year Built
1936
Listing Agency:
William Raveis Real Estate
(203) 453-0391
Listed By:
ARIEL TORTORA
Source:
Corcoran
Added: Oct 3, 2025
Changed: Aug 8
Last Checked: Jul 16 at 6:21AM
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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
Located in the heart of Middletown, 54 Washington Street presents a development opportunity within walking distance to numerous amenities. The property, formerly the Italian American Club, has zoning approval for conversion into residential units. Engineered plans are in place for an 18-unit build-out, with additional space for a superintendent. The plans are stamped for electrical and plumbing, designed to be code compliant, and permit-ready, facilitating a direct transition to the construction phase. Town approval has been granted for 18 parking spots located across the street, adjacent to the police station. This property is suited for investors seeking to maximize value in a prime location.
Key Highlights
- Permit in hand and ready to build 18 residential units.
- Engineered and stamped electrical and plumbing plans included.
- Zoning approval already in place for residential conversion.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Development opportunity with permits in hand for 18 residential units.
Where is this residential land & home lot located?
The property is located at 54 Washington Street Middletown, CT.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Permit in hand and ready to build 18 residential units.; Engineered and stamped electrical and plumbing plans included.; Zoning approval already in place for residential conversion.
