Mixed-Use

560 Main St

560 Main St, Middletown, CT 06457

Listing Price: $700,000

Cap Rate
5.68%
Number of Units
9
Price/Unit
$77,778
Price/Gross SF
$104.03
Gross SF
6,729

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. Local efforts are currently underway to update the City of Middletown's Plan of Conservation & Development, which will serve as a guide for future growth and development in Middletown.

Middletown is home to Wesleyan University, a private liberal arts college that emphasizes undergraduate instruction in the arts and sciences. It is well known for granting research master's and doctoral degrees in many academic disciplines. The subject property is located less than 0.5 miles from Wesleyan campus and has tremendous potential.

Investment Highlights

  • Recent Capital Improvements
  • Occupied with Stable Residential and Established Commercial Tenants
  • Prime Location on Main St, Middletown's Premiere Destination
  • Value-Add Opportunity to Lease Up
  • Close Proximity to CT Route 9, and Interstate 91
  • Many Upscale Apartments and Restaurants Nearby

Exclusively Listed By

Financing By

Listing Price: $700,000

Cap Rate
5.68%
Number of Units
9
Price/Unit
$77,778
Price/Gross SF
$104.03
Gross SF
6,729

Investment Highlights

  • Recent Capital Improvements
  • Occupied with Stable Residential and Established Commercial Tenants
  • Prime Location on Main St, Middletown's Premiere Destination
  • Value-Add Opportunity to Lease Up
  • Close Proximity to CT Route 9, and Interstate 91
  • Many Upscale Apartments and Restaurants Nearby

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. Local efforts are currently underway to update the City of Middletown's Plan of Conservation & Development, which will serve as a guide for future growth and development in Middletown.

Middletown is home to Wesleyan University, a private liberal arts college that emphasizes undergraduate instruction in the arts and sciences. It is well known for granting research master's and doctoral degrees in many academic disciplines. The subject property is located less than 0.5 miles from Wesleyan campus and has tremendous potential.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower