198 S Main St - Retail FOR SALE


Middletown, CT 06457- Downtown Middletown
$750,000 USD
860-344-5551
198 S Main St, Middletown, CT for Sale
$750,000 USD
Retail - FOR SALE
1/7
null | 2.34% Cap Rate

Aug '25


198 S Main St
Middletown, CT 06457
Downtown Middletown


HIGHLIGHTS

  • Proximity to Middlesex Hospital
  • Broad zoning allows for most any use/redevelopment
  • Proximity to Middletown’s award-winning downtown
  • Significant income offsetting owner’s business expenses
  • 3-car garage
  • Proximity to CT State Route 9

OVERVIEW

*Continued office, retail, mixed use or multifamily conversion possible* The charming income-producing home to office conversion with a 3-car garage located at 198 South Main St in Middletown is now being offered for sale. This great location on Route 17 sees 13,800 vehicles pass by each day. The property is over 4,000sf in size and the first floor is fully vacant, allowing for a purchaser to get started immediately while collecting significant rent from the two second floor tenants. The building has been home to a popular local Insurance agency for decades and is ready to be reborn as a medical office benefitting from its close proximity to Middlesex Hospital or a law office, accounting office or even a salon. The broad mixed-use commercial zoning allows for continued commercial use or a conversion to mixed-use or multifamily. The second floor tenants include two doctors that create very little noise or traffic. The current owner was operating his business from the property up until last week so the building has been very well kept. This property would be perfect for a local business that is looking to trade in their lease for ownership in a great area very close to Middlesex Hospital and Middletown's idyllic downtown. Nearby businesses include Middlesex Hospital, Neil's Donuts, Citizens Bank, Ace Hardware and a brand new Big Y. Nearby amenities include the Middlesex YMCA, the Russell Library, and many banks and credit unions.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$177 USD /SF

CAP RATE

2.34%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1815

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

MXC

APN/PARCEL ID

MTWN-000026-000000-000400

ASK ABOUT THIS PROPERTY

Brendan KellyHarding Commercial Real EstateMore Info
860-344-5551

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Brendan KellyHarding Commercial Real EstateMore Info
860-344-5551

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.