51 South Main 57 Street

Middletown, Connecticut 06457

Status
For Sale
Square Feet
8,390
Beds
0
Price
$1,800,000
Type
Commercial For Sale
Garages
Baths
1
MLS
24157523

Price

$1,800,000

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Interior Details

Interior Size
8,390 Sq Ft
Bedrooms
0
Bathrooms
1
Rooms Total
Garage

Exterior Details

Lot Size
0.52 Acres
Roof
Asphalt Shingle
Sewer
Public Sewer Connected
Construction
Construction
Cooling
Central Air

Other Information

Property Tax
$30,797
Assessed Value
$791,690
Elementary School
NULL
Middle School
NULL
High School
NULL

About Property

*7.4 Cap/NNN Leased* Harding Commercial Real Estate is proud to bring the highly profitable and meticulously maintained medical/office investment properties at 51 & 57 South Main Street in Middletown to market. The properties are being sold as a package and offer substantial immediate cash flow through their investor-friendly triple net lease structures. The properties are located directly across the street from major regional healthcare provider Middlesex Health's main hospital campus offering significant additional upside through appreciation. Financials and interior photos available upon request. Property highlights include: 7.4 in-place cap Triple net lease structure allowing ownership to collect substantial rents with very little cash outlay Newly paved and striped parking area with parking for 30+ vehicles Easy on/easy off highway access to State Route 9 Close proximity to major regional health system main campus HVAC units replaced at 57 South Main Street approximately 5 years ago Partial roof replacement and chimney redone at 51 South Main Street approximately 5 years ago 51 South Main Street has been meticulously maintained with great attention to detail in preserving the late 1800s architecture and period appropriate fits and finishes Elevator at 57 South Main Street underwent major servicing in 2025 including the installation of new hydraulics Owner/user potential with non-renewal of leases 57 South Main Street basement currently owner storage but coul
Listed by Harding Commercial Real Estate, Brendan Kelly. Data sourced from SmartMLS

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