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7.4 CAP MEDICAL/OFFICE 2 Office Properties Offered at $1,800,000 in Middletown, CT
Investment Highlights
- 7.4 in-place cap rate
- Newly paved and striped parking area with parking for 30+ vehicles
- HVAC units replaced at 57 South Main Street approximately 5 years ago
- Triple net lease structure allowing ownership to collect substantial rents with very little cash outlay
- Close proximity to major regional health system main campus
- Easy on/easy off highway access to State Route 9
Executive Summary
Harding Commercial Real Estate is proud to bring the highly profitable and meticulously maintained medical/office investment properties at 51 & 57 South Main Street in Middletown to market. The properties are being sold as a package and offer substantial immediate cash flow through their investor-friendly triple net lease structures. The properties are located directly across the street from major regional healthcare provider Middlesex Health's main hospital campus offering significant additional upside through appreciation. Financials available upon request. Please email, text or call Brendan Kelly with any questions. Email: brendan@hardingdevelopment.com Cell: (860) 463-3326. Property highlights include:
7.4 in-place cap rate
Triple net lease structure allowing ownership to collect substantial rents with very little cash outlay
Newly paved and striped parking area with parking for 30+ vehicles
Easy on/easy off highway access to State Route 9
Close proximity to major regional health system main campus
HVAC units replaced at 57 South Main Street approximately 5 years ago
Partial roof replacement and chimney redone at 51 South Main Street approximately 5 years ago
51 South Main Street has been meticulously maintained with great attention to detail in preserving the late 1800sf Italian Architecture and period appropriate fits and finishes
Elevator at 57 South Main Street underwent major servicing in 2025 including the installation of new hydraulics
Owner/user potential with non-renewal of leases
57 South Main Street basement currently owner storage but could be converted to leasable space or paid tenant storage
New vinyl siding was added to 51 South Main Street around 2000
7.4 in-place cap rate
Triple net lease structure allowing ownership to collect substantial rents with very little cash outlay
Newly paved and striped parking area with parking for 30+ vehicles
Easy on/easy off highway access to State Route 9
Close proximity to major regional health system main campus
HVAC units replaced at 57 South Main Street approximately 5 years ago
Partial roof replacement and chimney redone at 51 South Main Street approximately 5 years ago
51 South Main Street has been meticulously maintained with great attention to detail in preserving the late 1800sf Italian Architecture and period appropriate fits and finishes
Elevator at 57 South Main Street underwent major servicing in 2025 including the installation of new hydraulics
Owner/user potential with non-renewal of leases
57 South Main Street basement currently owner storage but could be converted to leasable space or paid tenant storage
New vinyl siding was added to 51 South Main Street around 2000
Property Facts
| Price | $1,800,000 | Number of Properties | 2 |
| Price / SF | $221.62 / SF | Individually For Sale | 0 |
| Cap Rate | 7.40% | Total Building Size | 8,122 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.52 AC |
| Status | Active |
| Price | $1,800,000 |
| Price / SF | $221.62 / SF |
| Cap Rate | 7.40% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 8,122 SF |
| Total Land Area | 0.52 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 51 S Main St, Middletown, CT 06457 | Office | 5,254 SF | 1860 | - |
| 57 S Main St, Middletown, CT 06457 | Office | 2,868 SF | 2001 | - |
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7.4 CAP MEDICAL/OFFICE
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