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530 Main Street, Middletown, CT 06457
$930,000
530 Main Street, Middletown, CT 06457View this property at 530 Main Street, Middletown, CT 06457
530 Main StreetMiddletownCT06457
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Property Description
Opportunity for the savvy investor looking to capitalize on adding value by creating a Lifestyle Asset in the heart of Middletown. The asset is in close proximity to Wesleyan University and next to the popular restaurants: Ion, Whey Station, and Luce. Its Only Natural Boutique Grocery Store. This 4 floor asset is 16 units, with 4 storefronts and 12, 1 bedroom apartments. The retail tenants are: a Grocery Store, Boost Mobile, a Barber and one vacant store front. Features of the asset include: 70% new windows, hard wire smoke detectors and sprinkler system. The tenants pay electric. A capital infusion through enhancing the common areas and remodeling the units will make this asset a lifestyle community. Closed comps of $122k-$135k/unit can be attained for modern units in Middletown. Parking for this asset is on side streets for free or tenants can get a residential permit for ~$55/mth to park in some of the parking lots. Melilli Lot is the closest one with great lighting & access to all amenities.
Full Property Details
Full Property Details for 530 Main St
General
- Sold For: $930,000
- Taxes: (July 2023-June 2024)
- Status: Closed
- Type: Commercial
- MLS ID: 170554217
- Added to Site: 436 day(s) ago
Parking
- Parking: Paved, On Street Parking, Off Street Parking
Location
- County: Middlesex
- Driving Directions: Per GPS
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Air, Electric, Natural Gas
- Heating Fuel: Electric, Natural Gas
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Electric Available, Gas Available, Phone Available, Cable Available
Structural Information
- Construction Status: No/Resale
- Roof: Tar/Gravel
- Square Feet: 15,136
- Sq. Ft. Source: Public Records
- Living Area: 8,064 Sq. Ft.
- Current Bldg. Use: Retail/Residential
- Retail: 2,969 Sq. Ft.
- Year Built: 1860
Lot Features
- Lot Size (Acres): 0.09
- Frontage: Paved Road
- Present Use: Retail/Residential
- Zoning: B-1
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $657,050
- Tax Year: July 2023-June 2024
Disclosures and Reports
- Documents Avail.: Lead Disclosure
- Property ID: 1011864
Listed by Berkshire Hathaway NE Prop., Lisa Cozzi Team, Lisa Cozzi
Sold by Ethos Rlty, LLC, Michael Eshetu
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Schools
Schools serving 530 Main St
School District:Middletown Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
390 Ridge Rd, Middletown, CT 06457 | K-5 | 1.8 mi | |
Keigwin Middle School
99 Spruce St, Middletown, CT 06457 | 5-6 | 1.8 mi | |
1 Wildermans Way, Middletown, CT 06457 | 7-8 | 1.6 mi | |
200 La Rosa Ln, Middletown, CT 06457 | 9-12 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 530 Main St
Date
Details
Price
Change
Source
2/28/2024
Sold
$930,000
-13.49%
MLS
8/11/2023
Price Reduced
$1,075,000
-10.42%
MLS
7/10/2023
Price Reduced
$1,200,000
-7.69%
MLS
5/23/2023
Price Reduced
$1,300,000
-13.33%
MLS
3/08/2023
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
530 Main Street, Middletown, CT 06457 (MLS# 170554217) is a Commercial property that was sold at $930,000 on February 28, 2024. Want to learn more about 530 Main Street? Do you have questions about finding other Commercial real estate for sale in Middletown? You can browse all Middletown real estate or contact a Coldwell Banker agent to request more information.