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337-349 Main St
Middletown, CT 06457
Office Property For Sale
INVESTMENT HIGHLIGHTS
- 42 Apartment Units Plus 5,000 SF Commercial
- Prime Downtown Location
- Dedicated Off-Site Parking
- Fully Approved Redevelopment Plan
- Modern Urban Living with Amenity Spaces
- Immediate Proximity to Wesleyan University
EXECUTIVE SUMMARY
Northeast Private Client Group is pleased to present the approved redevelopment opportunity at 339 Main Street, Middletown, CT, involving the rehabilitation of a 50,000 SF mixed-use building located in the heart of Downtown Middletown. The town has issued a building permit to begin construction and full construction plans will be delivered with the property. A new owner can potentially begin construction immediately upon taking ownership.
The proposed re-development will preserve the existing 3,750 SF restaurant, introduce 1,600 SF of new retail space, and deliver a total of 42 residential units, thoughtfully designed to include 12 studios, 28 one-bedroom units, and 2 two-bedroom units. The plan also integrates associated residential amenity spaces to enhance tenant experience.
This project presents a compelling opportunity to invest in a centrally located property on the best block in downtown Middletown with a balanced mix of residential and commercial uses, highlighted by full municipal approval.
The proposed re-development will preserve the existing 3,750 SF restaurant, introduce 1,600 SF of new retail space, and deliver a total of 42 residential units, thoughtfully designed to include 12 studios, 28 one-bedroom units, and 2 two-bedroom units. The plan also integrates associated residential amenity spaces to enhance tenant experience.
This project presents a compelling opportunity to invest in a centrally located property on the best block in downtown Middletown with a balanced mix of residential and commercial uses, highlighted by full municipal approval.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
50,000 SF
Building Class
C
Year Built
1885
Price
$3,489,800 CAD
Price Per SF
$69.80 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
16,667 SF
Building FAR
2.17
Lot Size
0.53 AC
Opportunity Zone
Yes
Zoning
B-1 - Business
PROPERTY TAXES
| Parcel Number | MTWN-000022-000000-000624 | Improvements Assessment | $543,534 CAD |
| Land Assessment | $302,877 CAD | Total Assessment | $846,411 CAD |
PROPERTY TAXES
Parcel Number
MTWN-000022-000000-000624
Land Assessment
$302,877 CAD
Improvements Assessment
$543,534 CAD
Total Assessment
$846,411 CAD
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