186 High St Middletown, CT 06457-3274
§2.8 DVD- Downtown Village District Zone. 1. Description. The purpose of this code is to protect the distinctive character, landscape, and historic structures within said district. It is the intent of this code to encourage the conversion, conservation and preservation of existing buildings and sites in a manner that maintains the historic and/or unique char…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DVD · Middletown, CT§2.8 DVD- Downtown Village District Zone. 1. Description. The purpose of this code is to protect the distinctive character, landscape, and historic structures within said district. It is the intent of this code to encourage the conversion, conservation and preservation of existing buildings and sites in a manner that maintains the historic and/or unique character of the district and to promote traditional neighborhood design for new construction to ensure compatibility. 2. Authority. This code is adopted pursuant to Public Act 98-116, as amended, an Act Concerning Village Districts, and is authorized by §8-2 of the Connecticut General Statutes. 3. Applicability. These codes shall pertain to: New construction and substantial, as determined by staff, reconstruction and rehabilitation of properties within the district and in view from public roadways including but not limited to: Zoning Code of the City of Middletown, Connecticut II-8 1. The design and placement of buildings; 2. The design, paving materials and placement of public roadways; and 3. Other elements that the Approving Authority staff deems appropriate to maintain and protect the character of the DVD. 4. Review. Applications for permitted uses shall be treated as a §5.5.3.3 Category 3. Applications for Special Exception uses shall be treated in accordance with §5.6 Special Exceptions and §8-2 of the Connecticut General Statutes. Only construction expanding the existing footprint by more than 20% shall require the submission of an A-2 survey. 5. Advisory Opinion. All applications for construction and substantial reconstruction within the district and in view from the public roadway shall be subject to an advisory review and recommendation by the Middletown Design Review Preservation Board. The report and recommendation shall be entered into the public record and considered in the decision. The Approving Authority may seek other reports and recommendations in accordance with §5.5 Site Plans. 6. Approval. The Approving Authority shall state on the record the reasons for any decision and if the Approving Authority denies an application, it shall cite the specific codes under which the application was denied. 7. Uses. Uses within the DVD shall be limited to single- and two-family homes. Churches, daycare centers and public libraries are permitted by Special Exception. Non-residential or business uses in excess of 7,500 sq. ft.
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.