578 Main St Middletown, CT 06457-2824
- Investment properties
- 4,192 SF
- 0.05 lot acres
Current Use by Public Records
- LibertyX Bitcoin ATM / Money Transfer Service / Atm
- MIDDLETOWN (578) / Gas Station
- RockItCoin Bitcoin ATM / Crypto Atm
- 3REE Productions / Aerial Photographer / Photography Service
- Customize your T-Shirt / Custom T-Shirt Store
Property Details for 578 Main St
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.05 lot acres
- Property size
- 4,192 SF
- Zone code
- B-1
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- MTWN M:22 L:0242
- APU
- MTWNM22L0242
Description
This exceptional retail opportunity is located at 578 Main Street in the heart of Middletown, Connecticut. The property consists of a three-story building, built in 1900, totaling 4,588 square feet and divided into five suites. Currently, 600 square feet of street-level retail space is available for lease. This space is ideal for a variety of businesses, benefiting from its high visibility on Main Street and significant pedestrian traffic. The property sits on a 0.05-acre lot and is zoned B-1. Convenient metered street parking is readily available. The building allows for on-building signage, further enhancing visibility. The average daily traffic count exceeds 14,200 vehicles. While the minimum divisible space is 600 square feet, the maximum contiguous space available is also 600 square feet. The power supply is to be determined (TBD). This prime location offers excellent potential for a thriving retail business. The property's historical charm combined with its modern accessibility makes it a truly unique opportunity. Don't miss out on this chance to establish your business in a vibrant and bustling downtown setting.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $285,000
- 7%
- $270,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $275,000
- Retail
- $235,000
- Mixed-Use
- $260,000
- Hospitality
- $270,000
- Educational
- $280,000
- Residential Income
- $220,000
- Energy
- $275,000
- Income-Based Land
- $265,000
- Food Service
- $250,000
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Middlesex
- State
- Connecticut
- Longitude
- -72.6516
- Latitude
- 41.564
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
