23
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$1,300,000
Est. payment /mo
10 Baths
13,837 SqFt
New
480 Main Street Middletown, CT 06457
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 13,837 sqft
Price per Sqft $93
MLS Listing ID 24184246
Full Baths 10
Year Built 1917
Annual Tax Amount $18,600
Property Description
Welcome to 480 Main Street, Middletown - a rare investment opportunity in the heart of Downtown Middletown! This stunning brick mixed-use building blends timeless character with strong income-producing potential. Featuring 8 spacious residential units, each offering 900+ square feet, soaring ceilings, beautiful hardwood flooring, functional built-ins, and oversized layouts that tenants love. Seven of the Eight residential units have been updated, and many feature newer hot water heaters, helping minimize future capital expenses. The property is anchored by two commercial storefronts, including a 3,100 SF space and a 1,100 SF (long-term tenant). Commercial tenants contribute approximately 40% of CAM expenses, creating additional value for ownership. Featuring classic brick construction, a well-maintained roof, and a prime downtown location, 480 Main Street offers a rare blend of character, stability, and investment potential. Located just steps from restaurants, shopping, and entertainment, this is an excellent opportunity to own a standout mixed-use asset in the heart of Middletown
Location
State CT
County Middlesex
Zoning B-1
Interior
Heating Steam
Cooling Ceiling Fans, Window Unit
Exterior
Parking Features On Street Parking
Utilities Available Electric
Roof Type Flat
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Lindy Hoyt • Century 21 AllPoints Realty
NEARBY SCHOOL & BUSINESS
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