530 Main Street

  • Title

    Mixed-Use Property

  • City

    Middletown, CT

  • Price

    $1,200,000

  • Cap Rate

    8.2%

  • Gross Leasable Area

    11,033 SF

  • No. Units

    16

  • Price/SF

    $108.76

  • No. Stories

    4

  • Year Built

    1860

  • Building Size

    .09 AC

Not found amenities.

Northeast Private Client Group is pleased to present 530 Main Street, a mixed use building located on 530-540 Main St, Middletown, CT.

530 Main Street is comprised of twelve (12) one-bedroom apartments and four (4) retail units on the ground floor. The roof has recently been repaired. Retail leases have tenants responsible for their own utilities (water, sewer, gas, electric, ext) and residential leases tenants pay their electric bills separately. Along with electric, residential tenants also pay for the properties laundry services.

530 Main Street is conveniently located in downtown Middletown. The property is located 0.4 miles from Wesleyan University, 0.6 miles from Middlesex Hospital and 0.4 miles to the nearest Route 9 entrance. Middletown was one of the first American cities to establish an official planning board back in the 1930 and has continued to lead the way is residential and commercial development. These developments have progressed significantly since the 2000’s that includes free city wi-fi along Main Street, an increased investment to help small business in the downtown area as well as increased contribution to the promotion of local arts. As Middletown continues its positive trends in investing in small businesses and the community they reside in an investor will be able to see opportunity by increasing rents to market values.

 

Middletown, Middlesex County, CT

530 Main Street Offering Memo