50 St Johns St Middletown, CT 06457
This 1,136 square foot flex space at 50 Saint Johns Street in Middletown, Connecticut, presents a fantastic opportunity for entrepreneurs. Located in the MXI zone, this single-story, 1960-built concrete building sits on a 0.08-acre lot and offers endless potential for various business ventures. The adaptable open floor plan allows for customization to suit diverse needs, whether it's a machine shop, auto repair facility, retail space, or other permitted uses. The property features a rear area suitable for storage or a private office, providing ample space for operations or inventory. Recent improvements include fresh paint, new windows and carpeting, and a two-year-old AC split unit. Heating is provided by a gas-powered forced hot air system, and the building is equipped with 3-phase electrical service. Parking is readily available, with space for up to six vehicles. Its convenient location offers easy access to Route 9, Hartford, and the shoreline, placing your business near the bustling downtown area of Middletown. The property is currently used as a martial arts studio, showcasing its versatility. The town's zoning allows for a wide range of business uses, including (but not limited to) catering services, production sites, liquor stores, convenience stores, dry cleaning, and laundries. Don't miss this exceptional opportunity to establish your business in a prime Middletown location. The asking price is $117,500.
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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.