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    40 Union St Middletown, CT 06457

    For Lease
    Contact for pricing

    18,300 SF, versatile space, prime location.

    Lot size:
    18,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 18,300 square foot commercial building at 40 Union Street in Middletown, Connecticut, is available for lease. Situated on a one-acre lot at a signalized intersection, this property offers unparalleled visibility and accessibility. The building, constructed in 1956, features two stories with ceiling heights ranging from 16 to 22 feet. The first floor encompasses approximately 13,440 square feet, complemented by an additional 4,860 square feet on the second floor. While a single tenant is preferred, the space can be subdivided for the right tenant. The property boasts excellent loading capabilities with two loading docks and two dock-high doors, along with ten drive-in doors and ample on-site parking. Zoned B-1, this versatile space accommodates a wide array of uses, including retail, office, flex, and industrial. Its strategic location directly adjacent to Route 9 (53,000 vehicles per day) provides easy access to Interstate 91. Furthermore, its proximity to Middlesex Hospital, Wesleyan University, and downtown Middletown enhances its appeal. The planned reconfiguration of Route 9 positions this property as the first major commercial building for northbound traffic entering downtown Middletown. This presents a unique opportunity for a business seeking a high-profile location with significant visibility and convenient access. The property features 240 feet of frontage on Union Street and 225 feet on DeKoven Drive. The zip code is 06457.

    Property Features for 40 Union St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,300 SF

    Building Details

    Year Built
    1956
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    18,300 SF

    HighLights

    • High‑visibility corner lot at a signalized intersection.
    • Excellent access to Route 9 (53,000 vehicles per day) and I‑91.
    • Close proximity to Middlesex Hospital, Wesleyan University, and Middletown's downtown.
    • Prime location to benefit from planned Route 9 improvements, offering prominent exposure to downtown Middletown traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.645457513428
    Latitude
    41.55785735104

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    FAQs

    What type of property is this?
    Medical office - 18,300 SF, versatile space, prime location.
    Where is this medical office located?
    The property is located at 40 Union St Middletown, CT.
    What are key features of this property?
    This property features: High-visibility corner lot at a signalized intersection.; Excellent access to Route 9 (53,000 vehicles per day) and I-91.; Close proximity to Middlesex Hospital, Wesleyan University, and Middletown's downtown.
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    40 Union St Middletown, CT 06457
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    Middletown, CT 06457
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40 Union St Middletown, CT 06457
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