Property Description
Investors dream – fully leased with value add potential! 18-unit corner brick building located on Main Street in the heart of Downtown Middletown, steps from gourmet restaurants and boutiques. Originally built in 1850, this 11,232 SQ FT building consists of 17 residential units and one ground level retail space. The retail space is leased to a mobile carrier/retailer through 2028 with annual rent escalation, allowing the new owner to focus on executing on the business plan for the 17 residential units. The building features four rare 2 beds, 2 bath units, seven 1-bedroom units, and six studio apartments. The building is currently fully leased, giving the new Owner an opportunity to capture the incredible rent upside over time while collecting rent income. The building has all separate gas boilers, huge unfinished basement and shared electricity. The units feature great layouts with nice natural light, high ceilings and large bedrooms with good closet space. The current owner has recently replaced some of the units windows, appliances and carpeting. Easy access to route 9 and a short drive/walk to Wesleyan University. This corner brick building is located near the beautiful, historic town center with over 7 walkable blocks of different restaurants and shops, featuring dozens of choices of dining, art, music, entertainment and unique finds. Neighborhood attractions include: Perkatory Coffee Roasters; Eli Cannons Tap Room; The Whey Station; Luce. Become part of this exciting tow
Features
- Heating System:
- Hot Water
- Cooling System:
- No
- Foundation Type:
- Stone, Brick
- Heat Fuel Type:
- Natural Gas
- Fireplaces Total:
- 0
- Parking Total Spaces:
- 0
- Location:
- Downtown
- Lot Description:
- Corner Lot
- Water Source:
- Public Water Connected
Address Map
- Street:
- Main
- Street Number:
- 668
- Floor Number:
- 0
- Longitude:
- W73° 20′ 52.7”
- Latitude:
- N41° 33′ 54.6”
MLS Addon
- Office Name:
- Seabury Hill REALTORS
- Agent Name:
- John Hill
- List Agent MLSID:
- HILLJOHN
- List Office MLSID:
- SEAB30
- Tax Year:
- July 2025-June 2026
- Directions:
- 668 Main Street corner of Main Street & Rappallo Avenue
- HOA Fee Amount:
- $0
- Parcel Number:
- 1003609
- Property Tax:
- $26,517
- Zoning:
- B-1
Commercial For Sale
668 Main, Middletown, 06457
0 Bedrooms
21 Bathrooms
11,232 Sqft
$2,249,500
Listing ID #24165225
Basic Details
- Property Type :
- Commercial For Sale
- Listing Type :
- For Sale
- Listing ID :
- 24165225
- Price :
- $2,249,500
- Bedrooms :
- 0
- Baths Total :
- 21
- Bathrooms :
- 21
- Half Bathrooms :
- 0
- Square Footage :
- 11,232 Sqft
- Year Built :
- 1850
- Lot Area :
- 0.09 Acre
- City:
- Middletown
- Zipcode:
- 06457
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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