725 Main StMiddletown, CT 06457

  • Industrial properties
  • 55,242 SF
For Lease
$16/SF/YR View listing

Property Details for 725 Main St

Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.57 AC
Property size (Sq ft)
55,242 SF
Zone code
B-1
Property type
Industrial properties
Property subtype
Other industrial properties
APN
MTWN M:22 L:0202
APU
MTWNM22L0202

Description

This exceptional 58,642 square foot retail and restaurant space, located at 725 Main St, Middletown, CT 06457, presents a unique opportunity. A former industrial building, it underwent a complete renovation in 2020, resulting in a Class A property with 20 suites, each offering 18-foot ceilings and ample natural light. Currently, 18,000 square feet are available, divisible into units ranging from 3,000 to 15,000 contiguous square feet. The building boasts a prominent location on Main Street, benefiting from high visibility and traffic volume exceeding 15,000 vehicles daily. Situated on a 1.57-acre lot with ample parking, the property offers easy access to State Route 9 via nearby on/off ramps. The building features a B-1 Central Business Zone designation and includes one loading dock. Landlord pays taxes and insurance. Custom build-outs are available, including dedicated HVAC and private restrooms. Join a thriving tenant mix in Middletown's revitalized downtown, close to the Connecticut River and numerous amenities. This is an ideal location to capitalize on the ongoing Riverfront Redevelopment and the city's vibrant atmosphere. The property's features include high ceilings, large windows, and a prime location in the trendy NoRa neighborhood.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $10,453,947
    Hospitality
    $9,575,759
    Educational
    $7,966,920
    Medical
    $8,240,914
    Retail
    $12,392,986
725 Main St, Middletown, Connecticut

Location Insight

City
Middletown
County
Middlesex
State
Connecticut
Latitude
41.5656
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
$31,438
$353,880
$541,780
$895,660
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-
-
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