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    FOR LEASE
    Investment properties

    578 Main St, Middletown, CT 06457

    4,192 SF 0.05 ac lot Built 1900
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US15-0403838
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1900
    Construction FRAME
    Total area 4,192 SF
    Lot 0.05 ac (2,178 SF)
    Zoning code B-1
    APN MTWN M:22 L:0242
    UPID US15-0403838
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • LibertyX Bitcoin ATM Atm Currency Exchange Service
    • MIDDLETOWN (578) Gas Station
    • RockItCoin Bitcoin ATM Crypto Atm
    • 3REE Productions Photography Service (Bike/Boat/Book/etc) Store
    • Customize your T-Shirt Custom T-Shirt Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Mattabeseck LLC · 4 yrs held
    Mattabeseck LLC
    since 2021
    Last sale
    $270,000
    5 recorded transactions
    2021
    $270,000
    2015
    2013
    $100,000
    2011
    $1
    2011
    Zoning & alternative use
    B-1 · Middletown, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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