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    484 Main St Middletown, CT 06457

    Sponsored
    For Lease
    $13 SF/Yr

    Prime Retail & Office, 3 Suites Available

    Lot size:
    26,984 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional four-story, 26,984 square foot mixed-use building, located at 484 Main St, Middletown, CT 06457, presents a unique opportunity. Built in 1900 and renovated in 2020, this Class B property boasts a prominent Main Street location in the heart of downtown Middletown. The building features three available suites, ranging from 445 to 3,982 contiguous square feet, ideal for retail, restaurant, or executive office uses. A street-facing restaurant space (with existing hood, walk-in cooler, and freezer) is available, featuring a small stage perfect for live entertainment or additional seating. Outdoor seating is encouraged by the city. The basement provides ample storage. Two smaller office spaces (755 and 445 sq ft) are also available, in excellent condition. The 0.25-acre lot offers a prime location within a revitalizing downtown area, benefiting from ongoing Riverfront Redevelopment and apartment conversions. This is an excellent opportunity to establish a presence in a thriving, multicultural dining destination. The building includes one elevator.

    Property Features for 484 Main St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,984 SF
    Class
    B
    Total Rate
    29232.67

    Building Details

    Year Built/Renovated
    1900/2020
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 21B
    Size
    755 SF
    Rate per SF
    $16
    Space
    Suite 24C
    Size
    445 SF
    Rate per SF
    $20
    Space
    RETAIL/BAR-RESTAURANT
    Size
    3,982 SF
    Rate per SF
    $13

    HighLights

    • High foot traffic location.
    • Restaurant space with existing hood, walk‑in cooler, and freezer.
    • Easy access to Route 9.
    • Located in Middletown's award‑winning downtown.
    • Surrounding area experiencing significant development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mc Intosh Healing ... Doctor Back Again Board ... Coffee Shop Bowen Katherine A Nursing Agency Support Bureau State Government Office Probation Department Adult Probation Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.651203746455
    Latitude
    41.562761653616

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail & Office, 3 Suites Available
    Where is this restaurant located?
    The property is located at 484 Main St Middletown, CT.
    What is the lease rate?
    The lease rate is $13-$20 SF/Yr.
    What are key features of this property?
    This property features: High foot traffic location.; Restaurant space with existing hood, walk-in cooler, and freezer.; Easy access to Route 9.
    Request Owner's contact information
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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
    484 Main St Middletown, CT 06457
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