480 Main Street, Middletown, CT 06457
sale
$1,300,000
|
Commercial-Other
Listed By CENTURY 21 AllPoints Realty
Welcome to 480 Main Street, Middletown - a rare investment opportunity in the heart of Downtown Middletown! This stunning brick mixed-use building blends timeless character with strong income-producing potential. Featuring 8 spacious residential units, each offering 900+ square feet, soaring ceilings, beautiful hardwood flooring, functional built-ins, and oversized layouts that tenants love. Seven of the Eight residential units have been updated, and many feature newer hot water heaters, helping minimize future capital expenses. The property is anchored by two commercial storefronts, including a 3,100 SF space and a 1,100 SF (long-term tenant). Commercial tenants contribute approximately 40% of CAM expenses, creating additional value for ownership. Featuring classic brick construction, a well-maintained roof, and a prime downtown location, 480 Main Street offers a rare blend of character, stability, and investment potential. Located just steps from restaurants, shopping, and entertainment, this is an excellent opportunity to own a standout mixed-use asset in the heart of Middletown
Level Lot
Level Lot
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Property Features
- Additional MLS: 24154052
- Age: Over 50 Years Old
- Building Area: 13837.00 SF
- Cross Docks: N
- For Auction: N
- Full Bathrooms: 10
- General: Ceiling Fan(s)
- Location Name: 480 Main Street , Middletown
- Lot Description: Level
- Lot Size In Text: 0 Sq. Ft.
- MLSID: 24184246
- Parking Places: 1
- Price Per Area: 0.00
- Price Upon Request: N
- Sewer: Public
- Style: Other Style
- Sublease: N
- Taxes: $18600.00
- Water: City Water
- Year Built: 1917
- Zoning: B-1
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