Prime downtown location on main st in middletown. a lot of development currently taking place in the booming downtown and surrounding area. priced at an 8 cap with more value add potential. many cap ex improvements have been made by ownership and strong leases in place including 10 year 'salad bar' and 5 year 'escape room' in former social security office. building highlights: 40,000 sqft of retail/office 90% occupied with long term leases, 3 year old roof old with 25 year warranty, new fire alarm system/fully sprinklered building. over $750,000 spent in tenant build out and building renovations last 3 years including completely remodeled 2nd ,3rd and 4th floors, all new brick facade, and new hvac. building comes with 14 parking spots in rear of building.
This real estate listing for sale at 423 Main is presently used as with 31200 total sqft and was built in 1944. It is located in the Middletown, CT area with the 06457 zip code. For more info about the property at 423 Main, Middletown, CT 06457 or if you would like to schedule a showing, please contact the listing agent above.
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Mortgage: $16,242
Taxes: $3,250
Insurance: $0
HOA: $0
Utilities: $0
Downpayment: $600,000
