530 Main St, Middletown, CT

$1,500,000

Previous Next

15,136

Square feet

0.09

Acres

About 530 Main St

Opportunity for the savvy investor looking to capitalize on adding value by creating a Lifestyle Asset in the heart of Middletown. The asset is in close proximity to Wesleyan University and next to the popular restaurants: Ion, Brewbaker’s, Luce and Its Only Natural Boutique Grocery Store. This 4 floor asset is 16 units, with 4 storefronts and 12, 1 bedroom apartments. The retail tenants are: a Grocery Store, Boost Mobile, a Barber and one vacant store front. Features of the asset include: 70% new windows, hard wire smoke detectors and sprinkler system. The tenants pay electric. A capital infusion through enhancing the common areas and remodeling the units will make this asset a lifestyle community. Closed comps of $122k-$135k/unit can be attained for modern units in Middletown.

Features of 530 Main St

MLS® # 170555172
Price $1,500,000
Bathrooms 0.00
Square Footage 15,136
Acres 0.09
Year Built 1860
Type Multi-Family
Sub-Type Other
Style Other
Status Active

Community Information

Address 530 Main St
Area N/A
City Middletown
County Middlesex
State CT
Zip Code 06457

Amenities

Parking Paved, On Street Parking, Off Street Parking
Garages Paved, On Street Parking, Off Street Parking
Is Waterfront No
Waterfront River, Walk To
Has Pool No

Interior

Heating Hot Air, Electric, Natural Gas
Cooling None
Fireplace No

Exterior

Exterior Vinyl Siding
Lot Description Level Topography
Roof Other
Construction Frame
Foundation Concrete

School Information

Elementary Per Board of Ed
High Per Board of Ed

Additional Information

Date Listed March 10th, 2023
Days on Market 18
Zoning B-1
RE / Bank Owned No

Listing Details

OfficeBerkshire Hathaway NE Prop.

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?