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$ 750,000
Est. payment /mo
New
198 South Main Street Middletown, CT 06457
4,088 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,088 sqft
Price per Sqft $183
MLS Listing ID 24103641
Year Built 1815
Annual Tax Amount $9,957
Lot Size 0.310 Acres
Property Description
*Continued office, retail, mixed use or multifamily conversion possible* The charming income-producing home to office conversion with a 3-car garage located at 198 South Main St in Middletown is now being offered for sale. This great location on Route 17 sees 13,800 vehicles pass by each day. The property is over 4,000sf in size and the first floor is fully vacant, allowing for a purchaser to get started immediately while collecting significant rent from the two second floor tenants. The building has been home to a popular local Insurance agency for decades and is ready to be reborn as a medical office benefitting from its close proximity to Middlesex Hospital or a law office, accounting office or even a salon. The broad mixed-use commercial zoning allows for continued commercial use or a conversion to mixed-use or multifamily. The second floor tenants include two doctors that create very little noise or traffic. The current owner was operating his business from the property up until last week so the building has been very well kept. This property would be perfect for a local business that is looking to trade in their lease for ownership in a great area very close to Middlesex Hospital and Middletown's idyllic downtown. Nearby businesses include Middlesex Hospital, Neil's Donuts, Citizens Bank, Ace Hardware and a brand new Big Y. Nearby amenities include the Middlesex YMCA, the Russell Library, and many banks and credit unions.
Location
State CT
County Middlesex
Zoning MXC
Interior
Heating Gas on Gas, Steam
Cooling Split System
Exterior
Parking Features Driveway, Paved, Off Street Parking
Utilities Available Electric, Gas, Telephone, Cable
Roof Type Asphalt Shingle
Building
Lot Description Dry
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Brendan Kelly • Harding Commercial Real Estate