$3,000,000
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423 Main Street Middletown, CT 06457
General Commercial
Residence
Beds
Baths
31,200
Sq. Ft.
0.2
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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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.
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MLS#
170614199
Property Type
General Commercial
Year Built
1944
Square Feet
31,200
sq. ft
Lot Size
0.2
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