184 High StMiddletown, CT 06457

  • Mixed-use properties
  • 7,066 SF
For Lease

Property Details for 184 High St

Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.20 AC
Property size (Sq ft)
7,066 SF
Zone code
DVD
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
MTWN M:24 L:0158
APU
MTWNM24L0158

Description

This exceptional 10,878 square foot rooming house presents a unique investment opportunity within the heart of Wesleyan University's campus in Middletown, Connecticut. Situated on a 0.2-acre lot at 184 High Street, this property enjoys a highly desirable location directly across from the site of Wesleyan's new $255 million science building. Currently configured as a 19-room rooming house, the property offers significant potential for redevelopment and increased rental income. The entire 10,878 square feet is currently vacant, providing a blank canvas for a future owner to renovate and reposition the property to meet current market demands. Given its proximity to the university and the anticipated increase in student and faculty population due to the new science building, this property is poised for strong rental returns. The property's location in Middlesex County, Connecticut, within the Wesleyan University Campus submarket, ensures a consistent stream of potential tenants. This is a rare opportunity to acquire a privately owned property within the Wesleyan University campus, offering exceptional long-term investment prospects. The existing structure provides a solid foundation for a variety of uses, subject to local zoning regulations. This property is being offered as a single-tenant building.

184 High St, Middletown, Connecticut

Location Insight

City
Middletown
County
Middlesex
State
Connecticut
Latitude
41.5545
Longitude
-72.6541
CBSA code
25540
CBSA name
HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,266
$177,100
$200,850
$377,950
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