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Investment Highlights
- New Roof
- Adjacent to Stop & Shop, Dollar Tree, and Marshalls
- Additional parking can be made available
- Located at signalized intersection
Executive Summary
340 E Main Street, Middletown, CT is a 7,320± SF retail plaza offered for sale at $900,000, presenting an excellent opportunity for an investor or owner-user. The single-story masonry building is situated on 0.53± acres along a highly visible stretch of East Main Street at a signalized intersection, benefiting from strong traffic counts of approximately 4,200 vehicles per day.
The property is currently occupied by Fortune Garden Chinese Restaurant and MTM Church, with approximately 4,000± SF available for lease, providing immediate upside through lease-up or future owner occupancy. Recent capital improvements include a new roof, and the building features on-building signage, central HVAC, and 20± surface parking spaces, with the potential for additional parking.
Zoned MXI, the site supports a variety of retail and service-oriented uses. The property is strategically positioned adjacent to major national retailers including Stop & Shop, Dollar Tree, and Marshalls, enhancing visibility, foot traffic, and long-term value. Convenient access is provided via Route 9 to Route 17 (Exit 21), making the location easily accessible from surrounding neighborhoods and regional corridors.
This offering combines stable in-place income with future leasing flexibility in a well-established retail corridor, making it a compelling addition to any commercial portfolio.
The property is currently occupied by Fortune Garden Chinese Restaurant and MTM Church, with approximately 4,000± SF available for lease, providing immediate upside through lease-up or future owner occupancy. Recent capital improvements include a new roof, and the building features on-building signage, central HVAC, and 20± surface parking spaces, with the potential for additional parking.
Zoned MXI, the site supports a variety of retail and service-oriented uses. The property is strategically positioned adjacent to major national retailers including Stop & Shop, Dollar Tree, and Marshalls, enhancing visibility, foot traffic, and long-term value. Convenient access is provided via Route 9 to Route 17 (Exit 21), making the location easily accessible from surrounding neighborhoods and regional corridors.
This offering combines stable in-place income with future leasing flexibility in a well-established retail corridor, making it a compelling addition to any commercial portfolio.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,320 SF
Building Class
B
Year Built/Renovated
1997/2013
Price
$900,000
Price Per SF
$122.95
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.60 AC
Zoning
MXI - Transitional Development
Parking
20 Spaces (2.73 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | MTWN-000035-000000-000186 | Improvements Assessment | $458,130 |
| Land Assessment | $115,120 | Total Assessment | $573,250 |
Property Taxes
Parcel Number
MTWN-000035-000000-000186
Land Assessment
$115,120
Improvements Assessment
$458,130
Total Assessment
$573,250
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340 E Main St
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