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Property profile & analytics
OFF-MARKET
Office Spaces

575 Main St Middletown, CT 06457

7,814 SF Built 2008
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 2008
Total area 7,814 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Susan Dalrymple Physician
  • Choice Magazine Publishing House
  • Dr. Thomas Mcmanus Dental Office
  • Amazon Locker - Leghorn Postal Service Courier Service
  • It's Only Natural Market Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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