530 Main Street, Middletown, CT

$930,000

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15,136

Square feet

0.09

Acres

About 530 Main Street

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 Street

MLS® # 170555172
Price $930,000
Bathrooms 0.00
Square Footage 15,136
Acres 0.09
Year Built 1860
Type Multi-Family For Sale
Sub-Type Other
Style Other
Status Closed

Community Information

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

Amenities

Parking Off Street Parking, On Street Parking, Paved
Is Waterfront No
Waterfront River, Walk to Water
Has Pool No

Interior

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

Exterior

Exterior Vinyl Siding
Lot Description Level Lot
Roof Other
Foundation Concrete

School Information

Elementary Per Board of Ed
High Per Board of Ed

Additional Information

Date Listed March 10th, 2023
Days on Market 357
Zoning B-1
RE / Bank Owned No

Listing Details

OfficeBerkshire Hathaway NE Prop.

Listing Map

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