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$ 1,800,000
Est. payment | /mo
1 Bath
8,390 SqFt
$ 1,800,000
Est. payment | /mo
1 Bath
8,390 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,390 sqft
Price per Sqft $214
MLS Listing ID 24157523
Full Baths 1
Year Built 1860
Annual Tax Amount $30,797
Lot Size 0.520 Acres
Property Description
The perfectly situated and meticulously maintained medical/office campus at 51 & 57 South Main Street in Middletown is now being offered for sale. The properties will have 6,618sf available for occupancy at the time of sale leaving ample room for a new owner and their medical practice or an investor bringing a new tenant/tenants with them. The properties are located directly across the street from Middlesex Hospital offering healthcare providers the convenience of just a quick walk to and from their procedures. The shared 30+ car parking area was freshly paved and striped less than a year ago and there is no deferred maintenance to speak of. The lone tenant at the properties is on a triple net lease relieving ownership of a portion of the maintenance, property tax and insurance burden. Financials and interior photos are available upon request. -Location: The properties are located directly across from Middlesex Hospital's main campus -Well Maintained: The current owner operated his ENT practice here for decades and has taken meticulous care and great pride in the upkeep of the properties -Income: The lone medical tenant pays good rent on a landlord-friendly triple net lease -Convenience: The campus is located just off of CT Route 9 which connects to I-91, I-95 and I-84 -Value-Add: 1,772sf basement at 57 South Main can be converted to paid tenant storage or possibly addit
Location
State CT
County Middlesex
Zoning MXC
Interior
Heating Hot Air
Cooling Central Air
Exterior
Utilities Available Electric, Gas, Telephone, Cable
Roof Type Asphalt Shingle
Building
Lot Description Dry
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Brendan Kelly • Harding Commercial Real Estate
Nearby Locations
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