Turnkey Medical/Office For Sale Office FOR SALE


Middletown, CT - Downtown Middletown
$1,800,000 USD
860-344-5551
, Middletown, CT for Sale
$1,800,000 USD
Office - FOR SALE
1/9
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Turnkey Medical/Office For Sale
Middletown, CT
Downtown Middletown


HIGHLIGHTS

  • Location: The properties are located directly across from Middlesex Hospital's main campus
  • Well Maintained: The current owner operated his ENT practice here for decades and has taken meticulous care and great pride in their upkeep
  • Income: The lone medical tenant pays healthy rent on a landlord-friendly triple net lease
  • Convenience: The campus is located just off of CT Route 9 which connects to I-91, I-95 and I-84
  • Value-Add: 1,772sf basement at 57 South Main can be converted to paid tenant storage or possibly additional leasable space.
  • No Deferred Maintenance: Significant CapEx over the past 5 years (listed in description)

OVERVIEW

The perfectly situated and meticulously maintained medical/office campus at 51 & 57 South Main Street in Middletown is now being offered for sale. The properties will have 6,618sf available for occupancy at the time of sale leaving ample room for a new owner and their medical practice or an investor bringing a tenant(s) with them. The properties are located directly across the street from Middlesex Hospital offering healthcare providers the convenience of just a quick walk to and from their procedures. The shared 30+ car parking area was freshly paved and striped less than a year ago and there is no deferred maintenance to speak of. The lone tenant at the properties is on a triple net lease relieving ownership of a portion of the maintenance, property tax and insurance burden. Financials and interior photos are available upon request. Please call or email Brendan Kelly. Cell: (860) 463-3326 Email: brendan@hardingdevelopment.com Location: The properties are located directly across from Middlesex Hospital's main campus Well Maintained: The current owner operated his ENT practice here for decades and has taken meticulous care and great pride in the upkeep of the properties Income: The lone medical tenant pays good rent on a landlord-friendly triple net lease Convenience: The campus is located just off of CT Route 9 which connects to I-91, I-95 and I-84 Value-Add: 1,772sf basement at 57 South Main can be converted to paid tenant storage or possibly additional leasable space. CapEx 1: 30+ car shared parking area was paved and striped in 2025 CapEx 2: Entirely new hydraulics installed in the 57 South Main elevator in 2025 CapEx 3: Chimney redone and partial roof replacement at 51 South Main 5 years ago CapEx 4: HVAC units at 57 South Main replaced 5 years ago

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 Notice.