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Property Description
Welcome to Main St in Middletown! This 10 Unit mixed use brick beauty is anchored by 2 established commercial tenants on the ground level and 8 massive (900+Sq Ft) one-bedroom residential units above- an incredible opportunity for a stabilized asset with additional room for growth in a highly competitive location and market! The long-term ground-floor commercial tenants provide reliable income and contribute substantial CAM payments, ensuring manageable operating expenses for ownership. Seven of the eight residential units have been modernized in recent years, with all tenants responsible for electric and hot water, maximizing net income. Significant value-add opportunity exists as current rents remain below market despite recent renovations. Multiple near-term lease expirations combined with strong comparable rents throughout the neighborhood support immediate, achievable income growth for a new owner! This asset is ideal for an investor seeking a stabilized mixed-use building with reliable income and a clear potential for growth and appreciation in a high-demand market.
Features
Heating System:
Steam
Cooling System:
Window Unit
Heat Fuel Type:
Oil
Flooring:
Vinyl, Wood
Fireplaces Total:
0
Parking Total Spaces:
0
Location:
Downtown
Lot Description:
Level Lot
Water Source:
Public Water Connected
Address Map
Street:
Main
Street Number:
480
Floor Number:
0
Longitude:
W73° 20′ 57.2”
Latitude:
N41° 33′ 46”
MLS Addon
Office Name:
Century 21 AllPoints Realty
Agent Name:
Lindy Hoyt
List Agent MLSID:
853462
List Office MLSID:
13571
Tax Year:
July 2025-June 2026
Directions:
GPS Friendly
HOA Fee Amount:
$0
Parcel Number:
1007661
Property Tax:
$18,591
Zoning:
B-1

Commercial For Sale

480 Main, Middletown, 06457

0 Bedrooms
10 Bathrooms
13,837 Sqft
$1,450,000
Listing ID #24154052
Basic Details
Property Type :
Commercial For Sale
Listing Type :
For Sale
Listing ID :
24154052
Price :
$1,450,000
Bedrooms :
0
Baths Total :
10
Bathrooms :
10
Half Bathrooms :
0
Square Footage :
13,837 Sqft
Year Built :
1917
Lot Area :
0.11 Acre
City:
Middletown
Zipcode:
06457
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
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A full-time agent with RE/MAX for 17 years. Marketing Business Degree WCSU. Volunteer Danbury Hospital. RE/MAX Executive Club. Read More…