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100 Centerpoint - Permitted Land-Recreational Sports Facility 5.7 Acres of Commercial Land Offered at $1,700,000 in Middletown, CT 06457



Investment Highlights
- Shovel-ready, permitted for 75,000 SF sports facility with 172 parking spaces
- Premium central Connecticut site between Hartford and New Haven, just off I-91, Exit 21, Cromwell /Berlin
- Drive time report shows 966,000 Connecticut residents, (26% of CT population) within a 25-minute drive time report
- Wetlands permit requiring relocation and expansion of retention basin completed
- Frontage of 600' on I-91 south with building and signage visibility to 100,000+ daily vehicle count
- Listing agent is property owner with opportunities for build-to-suit, land lease, or joint venture; extensive construction docs availalble
Executive Summary
There is a fully approved development for this 5.7-acre site in place with the City of Middletown. Permitted within the Interstate Trade Zone (IT Zone), the property has 600' of frontage along I-91 south which provides visibility to the 100,000+ daily car count. The land has been cleared and at rough grade. An approved wetlands permit has enabled the relocation of the retention basin to a new stormwater area, expanded and updated, to accommodate the new development. This sitework has been completed.
An ideal DESTINATION LOCATION, the property is just off Interstate 91, EXIT 21, Cromwell/Berlin/Middletown which is one exit south of the Route 9 / I-91 junction. The location is 15 minutes south of Hartford and 22 minutes north of New Haven along the I-91 corridor. An available demographics Drive Time Report shows that 966,341 of Connecticut residents live within a 25-minute drive. This represents 26% of the Connecticut population; median age 40.
The site is also midway along the 220-mile drive between Boston and NYC. The I-91 southbound frontage of the property offers SIGNAGE OPPORTUNITIES along this main travel route through Connecticut and on to New England.
Neighboring this 5.7-acre site, FedEx Ground operates a huge, 600,000 square feet distribution package sorting hub on a 204-acre site.
As permitted:
A sports complex building has been permitted as a 75,000 SF Recreational Facility. The Main Floor footprint is 55,000 SF.
An ideal DESTINATION LOCATION, the property is just off Interstate 91, EXIT 21, Cromwell/Berlin/Middletown which is one exit south of the Route 9 / I-91 junction. The location is 15 minutes south of Hartford and 22 minutes north of New Haven along the I-91 corridor. An available demographics Drive Time Report shows that 966,341 of Connecticut residents live within a 25-minute drive. This represents 26% of the Connecticut population; median age 40.
The site is also midway along the 220-mile drive between Boston and NYC. The I-91 southbound frontage of the property offers SIGNAGE OPPORTUNITIES along this main travel route through Connecticut and on to New England.
Neighboring this 5.7-acre site, FedEx Ground operates a huge, 600,000 square feet distribution package sorting hub on a 204-acre site.
As permitted:
A sports complex building has been permitted as a 75,000 SF Recreational Facility. The Main Floor footprint is 55,000 SF.
Property Facts
1 Lot Available
Lot
| Price | $1,700,000 | Lot Size | 5.70 AC |
| Price Per AC | $298,245.61 |
| Price | $1,700,000 |
| Price Per AC | $298,245.61 |
| Lot Size | 5.70 AC |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | MTWN-000005-000000-000019-R015445 | Improvements Assessment | $754,770 |
| Land Assessment | $386,400 | Total Assessment | $1,141,170 |
Property Taxes
Parcel Number
MTWN-000005-000000-000019-R015445
Land Assessment
$386,400
Improvements Assessment
$754,770
Total Assessment
$1,141,170
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100 Centerpoint - Permitted Land-Recreational Sports Facility
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