$3,000,000

Under Contract

Est. Mortgage $15,367/mo *

Quick Pre-Approval

Brochure

Call Text Schedule Tour Request More Information

423 Main Street, Middletown, CT, 06457

423 Main Street, Middletown, CT, 06457
View larger map Directions

1944

31,200 sqft

Prime Downtown location on Main St in Middletown. A lot of development currently taking place in the booming downtown and surrounding area. Priced at an 8 CAP with more value add potential. Many Cap Ex improvements have been made by ownership and strong leases in place including 10 year 'Salad Bar' and 5 year 'Escape Room' in former social security office. Building Highlights: 40,000 SQFT of Retail/Office 90% occupied with long term leases, 3 year old roof old with 25 year warranty, New Fire alarm system/Fully Sprinklered building. Over $750,000 spent in tenant build out and building renovations last 3 years including completely remodeled 2nd ,3rd and 4th floors, all new brick facade, and new HVAC. Building comes with 14 Parking Spots in rear of building. Owner/agent

Status:

Under Contract

Type:

Commercial

Units:

4

Zoning:

B-1

Frontage:

State Road

Garage:

Off Street Parking, On Street Parking, Parking Lot

Heating:

Hot Air

Cooling:

Central Air

Acreage:

0.2

Est. Taxes:

$40,884

Assessment

$1,110,970

Utilities

Electric

Lot Description:

Level Lot

Days on Market:

264

MLS #:

170614199

Community Info

School Info

Walk Score

Mass Transit

Yelp

Similar Properties

Price Reduced!

$2,989,000

1 baths

5,009 sqft

594 Main Avenue, Norwalk, (West Rocks Area), CT, 06851

$2,950,000

22,250 sqft

1475 Palisado Avenue, Windsor , (Hayden Station), CT, 06095

$2,750,000

32,830 sqft

1 Whiting Street, Plainville, CT, 06062

Price Reduced!

$2,800,000

15,000 sqft

63 Glover Avenue, Norwalk, (Silvermine), CT, 06850

$2,950,000

27,960 sqft

61 Amity Road, New Haven, (Westville), CT, 06515

$2,975,000

1,904 sqft

170 Bishop Crossing Road, Griswold, CT, 06351

$2,700,000

5,663 sqft

2171 Black Rock Turnpike, Fairfield, CT, 06825

$3,000,000

3 beds

2 baths

6,523 sqft

473 Main Street 497, Branford, CT, 06405

$3,000,000

3 beds

2.5 baths

19,304 sqft

454 Cassidy Hill Road, Coventry, CT, 06238

$2,900,000

2 baths

4,620 sqft

15-19 East Main Street, Clinton, CT, 06413

$3,250,000

23,512 sqft

271 Federal Road, Brookfield, CT, 06804

$3,000,000

69,364 sqft

30 Lenox Street, New Haven, (Fair Haven), CT, 06513

$2,750,000

6319 6321 Route 23a, City Not Found, (Hunter), CT, 12485

Price Reduced!

$3,199,000

13,132 sqft

34 Water Street, Groton, (Mystic), CT, 06355

$2,700,000

2.5 baths

21,101 sqft

156 Franklin Avenue, Hartford, (Barry Square), CT, 06114

$2,800,000

1 beds

8 baths

17,990 sqft

400 Torrington Road, Litchfield, CT, 06759

New or Coming Soon Properties

New Listing!

$2,497,500

3 baths

2,254 sqft

6 North Water Street, Greenwich, (Byram), CT, 06830

Copyright ©2024 SmartMLS, Inc.
Listing courtesy of Michael Doherty, KW Legacy Partners Email: mike@dohertyhometeam.com