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    184 High St Middletown, CT 06457

    Sponsored
    For Lease
    Contact for pricing

    Prime Wesleyan University location, high rental potential.

    Lot size:
    10,878 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 10,878 square foot rooming house presents a unique investment opportunity within the heart of Wesleyan University's campus in Middletown, Connecticut. Situated on a 0.2-acre lot at 184 High Street, this property enjoys a highly desirable location directly across from the site of Wesleyan's new $255 million science building. Currently configured as a 19-room rooming house, the property offers significant potential for redevelopment and increased rental income. The entire 10,878 square feet is currently vacant, providing a blank canvas for a future owner to renovate and reposition the property to meet current market demands. Given its proximity to the university and the anticipated increase in student and faculty population due to the new science building, this property is poised for strong rental returns. The property's location in Middlesex County, Connecticut, within the Wesleyan University Campus submarket, ensures a consistent stream of potential tenants. This is a rare opportunity to acquire a privately owned property within the Wesleyan University campus, offering exceptional long-term investment prospects. The existing structure provides a solid foundation for a variety of uses, subject to local zoning regulations. This property is being offered as a single-tenant building.

    Property Features for 184 High St

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,878 SF

    Unit(s) available at that property

    Space
    Size
    10,878 SF

    HighLights

    • Rare privately‑owned property on Wesleyan University campus.
    • Prime location directly across from Wesleyan's new $255 million science building.
    • Excellent layout for continued rooming house operation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -72.65426666482
    Latitude
    41.554457834951

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    FAQs

    What type of property is this?
    Specialty property - Prime Wesleyan University location, high rental potential.
    Where is this specialty property located?
    The property is located at 184 High St Middletown, CT.
    What are key features of this property?
    This property features: Rare privately-owned property on Wesleyan University campus.; Prime location directly across from Wesleyan's new $255 million science building.; Excellent layout for continued rooming house operation.
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    184 High St 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
    184 High St Middletown, CT 06457
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