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645-653 S Main St

645-653 S Main St, Middletown, CT 06457

Listing Price: $8,500,000

Cap Rate
6.05%
Gross SF
105,126
Rentable SF
105,126
Price/Gross SF
$80.86
Lot Size
6.12 acres
Year Built
1956

Investment Overview

Located in central Connecticut, Middletown is a mid-sized city with direct access to the Interstate highway system, available undeveloped land, a vibrant downtown, well-diversified economic base, and almost nine miles of frontage on the Connecticut River. In the mid-1990s Middletown invested $10 million in the downtown area by constructing a new Police Station on Main Street, creating the confidence for private money to follow. The downtown has since experienced unprecedented reinvestment and revitalization and presently is a vibrant and popular destination. The subject property consists of two parcels totaling 8.76 acres and is improved with three buildings: two multitenant retail and one single tenant.

Investment Highlights

  • Low Maintenance Masonry Construction | New Roof
  • Less Than 1.5 Miles from CT Route 9
  • Less Than 1.5 Miles from Main St Destination - Retail, Dining, and Small Businesses
  • Fully Occupied | Immediate Cash Flow | Additional 10,000 SF Development Potential
  • High Visibility Location with Excellent Access and Long-Term Tenancy

Exclusively Listed By

Financing By

Listing Price: $8,500,000

Cap Rate
6.05%
Gross SF
105,126
Rentable SF
105,126
Price/Gross SF
$80.86
Lot Size
6.12 acres
Year Built
1956

Investment Highlights

  • Low Maintenance Masonry Construction | New Roof
  • Less Than 1.5 Miles from CT Route 9
  • Less Than 1.5 Miles from Main St Destination - Retail, Dining, and Small Businesses
  • Fully Occupied | Immediate Cash Flow | Additional 10,000 SF Development Potential
  • High Visibility Location with Excellent Access and Long-Term Tenancy

Investment Overview

Located in central Connecticut, Middletown is a mid-sized city with direct access to the Interstate highway system, available undeveloped land, a vibrant downtown, well-diversified economic base, and almost nine miles of frontage on the Connecticut River. In the mid-1990s Middletown invested $10 million in the downtown area by constructing a new Police Station on Main Street, creating the confidence for private money to follow. The downtown has since experienced unprecedented reinvestment and revitalization and presently is a vibrant and popular destination. The subject property consists of two parcels totaling 8.76 acres and is improved with three buildings: two multitenant retail and one single tenant.

Exclusively Listed By

Financing By

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