50 Saint Johns St Middletown, CT 06457
- Industrial properties
- 1,136 SF
- 0.08 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 50 Saint Johns St
- Year built
- 1960
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.08 lot acres
- Property size
- 1,136 SF
- Zone code
- MXI
- Property type
- Industrial properties
- APN
- MTWN M:20 L:0188
- APU
- MTWNM20L0188
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $65,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $75,000
- 6.5%
- $75,000
- 7%
- $75,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $70,000
- Geo Method
- $65,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $75,000
- Retail
- $65,000
- Mixed-Use
- $55,000
- Hospitality
- $60,000
- Educational
- $75,000
- Residential Income
- $65,000
- Energy
- $65,000
- Income-Based Land
- $70,000
- Food Service
- $65,000
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Middlesex
- State
- Connecticut
- Longitude
- -72.6528
- Latitude
- 41.5679
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
