51 South Main
Middletown, CT 06457

Property

Ownership: Commercial
Type: Commercial
Bathrooms: 1
Area: 8390 sq ft

Financials

Price:$1,800,000
Annual Taxes:$30,797
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Brendan Kelly of Harding Commercial Real Estate

The perfectly situated and meticulously maintained medical office campus at 51 57 South Main Street in Middletown is now being offered for sale.

Description

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 new tenant/tenants 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. -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 addit

Amenities

  • Central Air
  • Elementary School -
  • High School -
  • Intermediate School -

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