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460 Main St Middletown, CT 06457-4510

OFF-MARKET Investment properties Google Maps
0.29 ac lot
Entity Owned 4-yr Hold Free & Clear
Estimated value (blended)
$275k
Range $248k – $303k (±10%)
Property ID US15-0426468

Property summary

AI-generated overview

Three exceptional retail spaces are available for lease in the vibrant Middletown business district. Two prime locations are situated on Main Street, offering expansive footprints ideal for a variety of retail concepts. Unit 1 boasts 2,500 square feet of versatile space, perfect for larger businesses seeking high visibility and ample room for operations. Unit 3, also on Main Street, provides a more compact yet equally attractive 1,500 square feet, suitable for smaller retailers or businesses requiring a more intimate setting. These Main Street locations benefit from high foot traffic and excellent street-level exposure, ensuring maximum brand visibility and customer engagement. A third, equally compelling opportunity exists at 750 square feet on Washington Street (Unit 5), offering a more intimate retail space in a complementary location within the Middletown commercial corridor. All units are single-tenant spaces, providing exclusive occupancy and control over the retail environment. The flexible square footage options cater to a wide range of business needs and expansion plans, making these properties an attractive investment for both established businesses and emerging entrepreneurs seeking a strategic foothold in a thriving Middletown market. These spaces present a unique opportunity to establish or expand a retail presence in a highly desirable and accessible location. Interested parties are encouraged to inquire further to explore the potential of these exceptional retail spaces.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 0.29 ac (12,632 SF)
Zoning code MXI
APN MTWN M:36 L:0393
UPID US15-0426468

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Loan Service
  • Financial Advisor
  • Physician
  • Physician
  • Clothing Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2021
3 recorded transactions
2021
$2.5M
2019
$145,000
2018
$150,000

Zoning & alternative use

MXI · Middletown, CT
Zoning description

MXI Mixed Use Development. Any non-residential special exception use, except those uses subject to §5.6.8 Standards for Special Exception may, be considered a permitted use as part of a mixed use development . • • Farmin…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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