109 Broad StMiddletown, CT 06457

Property Details for 109 Broad St

Year built

1850

Construction

FRAME

Lot size

0.24 AC

Property size (Sq ft)

3,874 SF

Zone code

MXC

Property type

Showrooms

APN

MTWN M:24 L:0100

APU

MTWNM24L0100

Description

This exceptional 3,874 square foot, two-story office building at 109 Broad Street in Middletown, Connecticut, is available for sale or lease. Completely renovated in 2018, this prominent building boasts high ceilings, hardwood floors, a full kitchen, multiple restrooms on each floor, and an updated HVAC system. It's fully furnished and move-in ready, offering ample on-site parking and additional basement storage. The MXC zoning permits a variety of uses, including traditional office, executive office, and medical office space. Its prime location, just one block from over 50 restaurants and bars, and within walking distance of Wesleyan University, Middlesex Hospital, and the Middlesex County Courthouse, makes it an ideal company headquarters. The building's highly visible corner location and proximity to Route 9 (a quarter-mile away) offer excellent visibility and accessibility. Its attractive features and convenient location also present a compelling opportunity for multifamily conversion. The building's Walk Score of 91 reflects its pedestrian-friendly environment in a vibrant downtown setting. This is a rare opportunity to acquire a trophy property in a thriving Connecticut community. The building has been meticulously maintained and is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $941,517

  6.5%

  $869,093

  7%

  $807,015

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,275,566

  Geo Method

  $1,275,566

• Alternative Use

  Use

  Valuation

  Residential

  $733,112

  Hospitality

  $671,527

  Educational

  $558,703

  Medical

  $577,917

  Retail

  $869,093

Location Insight

City

Middletown

County

Middlesex

State

Connecticut

Latitude

41.5594

Longitude

-72.6521

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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