423 Main Street
Middletown,
CT
06457
Property Details
List Price: |
$3,000,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
31200 |
Agency: |
Keller Williams legacy partners |
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Description/Comments
Lot Size: |
-- |
Property Type: |
Commercial |
Year Built: |
1944 |
Notes: |
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. |
MlsNumber: |
170614199 |
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Listing Provided By: |
Keller Williams legacy partners, original listing |
Name: |
Keller Williams legacy partners |
Office Name: |
KW Legacy Partners |
Office Phone: |
(860) 313-0700 |
Agent Name: |
Michael Doherty |
Disclaimer: |
Copyright © 2024 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |