598 Washington St Middletown, CT 06457
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.
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Bridge Industrial Manufacturer Production Facility
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
B-2 · 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.