820 Washington StMiddletown, CT 06457

  • Commercial real estate
  • 10.92 AC

Property Details for 820 Washington St

Lot size
10.92 AC
Zone code
B-2
Property type
Commercial real estate
APN
MTWN M:13 L:0051-R07814
APU
MTWNM13L0051R07814

Description

Middletown Plaza, located at 820 Washington St, Middletown, CT 06457, offers exceptional retail and restaurant opportunities. This established community shopping center boasts 150,000 square feet across three buildings situated on a 10-acre lot. Currently, 2,440 square feet of contiguous space is immediately available, with a maximum of 7,000 contiguous square feet possible. The property features excellent visibility and accessibility from Route 66, with two signalized traffic signals providing convenient access. The high traffic count of 32,000 ADT ensures significant daily exposure. Middletown Plaza benefits from a strong tenant mix, including established national brands like Big Lots, Planet Fitness, Staples, Petco, Advanced Auto, Town Fair Tire, and Middlesex Hospital, along with various restaurants and service businesses. This diverse tenant base creates a robust and consistent customer flow, making it an ideal location for businesses seeking high visibility and foot traffic. Furthermore, a new pad site is available, capable of accommodating a 7,000 square foot building with drive-through potential, presenting an additional development opportunity. The minimum divisible space is 2,440 square feet. Cross street access is available via Plaza Drive. This property represents a rare opportunity to establish a presence in a thriving Middletown retail center.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $90,016,312
    Hospitality
    $82,454,464
    Educational
    $68,601,144
    Medical
    $70,960,440
    Retail
    $106,712,888

Location Insight

City
Middletown
County
Middlesex
State
Connecticut
Latitude
41.5546
Longitude
-72.6803
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
$368,257
$2,766,960
$7,724,700
$10,491,660
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FAQs

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