40 Union StMiddletown, CT 06457

  • Industrial properties
  • 14,960 SF

Property Details for 40 Union St

Year built
1956
Construction
STEEL FRAME
Lot size
2.07 AC
Property size (Sq ft)
14,960 SF
Zone code
B-1
Property type
Industrial properties
APN
MTWN M:24 L:0277
APU
MTWNM24L0277

Description

This exceptional 18,300 square foot commercial building at 40 Union Street in Middletown, Connecticut, is available for lease. Situated on a one-acre lot at a signalized intersection, this property offers unparalleled visibility and accessibility. The building, constructed in 1956, features two stories with ceiling heights ranging from 16 to 22 feet. The first floor encompasses approximately 13,440 square feet, complemented by an additional 4,860 square feet on the second floor. While a single tenant is preferred, the space can be subdivided for the right tenant. The property boasts excellent loading capabilities with two loading docks and two dock-high doors, along with ten drive-in doors and ample on-site parking. Zoned B-1, this versatile space accommodates a wide array of uses, including retail, office, flex, and industrial. Its strategic location directly adjacent to Route 9 (53,000 vehicles per day) provides easy access to Interstate 91. Furthermore, its proximity to Middlesex Hospital, Wesleyan University, and downtown Middletown enhances its appeal. The planned reconfiguration of Route 9 positions this property as the first major commercial building for northbound traffic entering downtown Middletown. This presents a unique opportunity for a business seeking a high-profile location with significant visibility and convenient access. The property features 240 feet of frontage on Union Street and 225 feet on DeKoven Drive. The zip code is 06457.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,831,017
    Hospitality
    $2,593,196
    Educational
    $2,157,509
    Medical
    $2,231,709
    Retail
    $3,356,125

Location Insight

City
Middletown
County
Middlesex
State
Connecticut
Latitude
41.558
Longitude
-72.645
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
$30,088
$564,570
$292,640
$857,210
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-
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