Technical
Financial
Distress signals
Property profile

598 Washington St Middletown, CT 06457

FOR LEASE
Other investment properties
Property ID
US15-1301514
0.2 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a commercial land parcel totaling approximately 0.43 acres, with scope for expansion to about 0.55 acres subject to site development and approvals. It is located at a signalized intersection providing access at a busy thoroughfare, positioned near the corner of Washington St and Bernie O'Rourke/West St. City utilities are indicated as available, including water, gas, and sewer, and the site is reported to have traffic counts of approximately 24,500 vehicles. The parcel is configured and sized to support development as a QSR drive-through restaurant pad, with expansion potential depending on the final site layout and development requirements.

Property profile

Verified
Property type Other 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

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

598 Washington St Middletown, CT 06457
Middletown metro Census 541402 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

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
Zoning description

§2.14 B-2- General Business Zone. 1. Description. This zone is composed of certain land along the main highways. This zone comprises certain land and structures used not only to provide the residents of this community wi…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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