575 Main St Middletown, CT 06457
This exceptional 7,814-square-foot Class A office condominium is available for sale. Located on the second floor of 575 Main Street in Middletown, Connecticut's vibrant downtown, this vacant unit offers a unique owner-user investment opportunity. Built in 2008, the property boasts a desirable location in a federally designated Opportunity Zone, providing potential tax advantages. The entire second floor is encompassed by this single unit, easily accessible via elevator. The space features abundant natural light from windows on all sides, offering beautiful views of Main Street. The layout seamlessly blends private offices with open collaborative areas, catering to diverse business needs. Its prime location offers easy access to State Route 9 and proximity to Middlesex Hospital, Wesleyan University, Pratt & Whitney, and the Middletown Superior Court, making it ideal for a variety of office users. The unit is fully accessible, including entryways, offices, and restrooms. With Middletown's ongoing riverfront redevelopment and significant private and public investment in the downtown area, this property presents a compelling opportunity to establish a presence in a thriving community. The asking price is $1,190,000, with a price per square foot of $152.29. The property is zoned B-1 Central Business Zone. The unit has been previously occupied by a single tenant. Occupancy is available October 1, 2024.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.