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Property profile & analytics
FOR LEASE
Investment properties

598 Washington St Middletown, CT 06457

0.2 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US15-1301514
Property summary
AI-generated overview

This exceptional 0.43-acre commercial land parcel, situated at 598 Washington Street in Middletown, Connecticut (zip code 06457), presents a remarkable investment opportunity. Located at a signalized intersection of Washington Street and Bernie O’Rourke/West Street, this property boasts exceptional visibility and accessibility, benefiting from a substantial daily traffic count of 24,500 vehicles. The site is serviced by city water, gas, and sewer, providing essential utilities for development. A proposed QSR drive-thru pad adds significant potential for future development. The property's strategic location is further enhanced by its proximity to a variety of established businesses, including Home Depot, Starbucks, Aldi, Price Chopper, CVS, and Chipotle Mexican Grill, ensuring high foot traffic and consumer visibility. The land is available for lease at an annual rate of $60,000. There is also a possibility of expanding the property to 0.55 acres for an additional cost. This property is zoned for commercial use within Middlesex County. Serious inquiries are encouraged to explore this promising opportunity.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 0.2 ac (8,712 SF)
Zoning code B-2
APN MTWN M:23 L:0050
UPID US15-1301514
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
  • Bridge Industrial Manufacturer Production Facility
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
Dmh Enterprises INC · 3 yrs held
Dmh Enterprises INC
since 2023
Last sale
$350,000
4 recorded transactions
2023
$350,000
2005
$250,000
2001
Price N/A
1998
Price N/A
Zoning & alternative use
B-2 · Middletown, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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