50 Saint Johns St Middletown, CT 06457-2252
This exceptional 1,136 square foot commercial property at 50 Saint Johns Street in Middletown, CT, presents a fantastic opportunity for a wide range of businesses. Situated on a 0.08-acre lot, this concrete building boasts a spacious and adaptable open floor plan, perfect for customization to meet your specific needs. Recent upgrades include fresh paint, new windows, new carpeting, and a 2-year-old AC split unit. The property also features a rear storage area or private office space, providing additional room for operations, inventory, or employee use. Heating is provided by a gas-powered forced hot air system, and the building is equipped with 3-phase electrical service, ensuring sufficient power for various business activities. Ample parking is available both in front and in the rear of the building, accommodating up to six vehicles. Currently used as a martial arts studio, this property's location in the MXI zone allows for diverse uses, including (but not limited to) machine shops, auto repair, catering services, production sites, liquor stores, retail shops, convenience stores, dry production facilities, dry cleaners, and laundries. Its convenient access to Route 9, Hartford, and the shoreline, coupled with its proximity to Middletown's bustling downtown area, makes this an ideal location for establishing or expanding your business. The permitted uses are detailed in the attached zoning documents. Don't miss this chance to secure a thriving business location in a desirable area. Priced at $117,500.
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
MXI · Middletown, CTMiddletown. Always verify with local authorities before improvements.
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.