578-582 Main St
Middletown, CT 06457
578 Main Street · Retail Property For Sale
Property Facts
Amenities
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About 578-582 MAIN ST , MIDDLETOWN, CT 06457
O,R&L Commercial is pleased to present 578 Main Street in the town of Middletown, Connecticut, for Sale. Low opportunity cost, high returns and a location in the heart of Middletown's booming Main Street make this 3-story, 4,588± SF Mixed Use, Retail / Office / Multi-family Building investment very attractive. 1,200± SF retail space is also for lease. The property is situated on 0.05± acres in the B-1 zone. 1st floor - 1,584± SF total retail / office space demised for three retail tenants. (1,200± SF Retail for Lease at $750/mo plus Elec & Jan) 2nd floor - One 3-bedroom, 1,304± SF apartments, newly updated. 3rd floor - One 3-bedroom, 1,304± SF apartment, newly updated. Offered at an 11.7% Cap rate. NOI: $35,002 Route 9, turn right onto Washington Street, Turn right onto Main Street (CT-66)
Property Taxes
| Parcel Number | MTWN-000022-000000-000242 | Improvements Assessment | $75,080 |
| Land Assessment | $112,700 | Total Assessment | $187,780 |
Property Taxes
