NOMADEReal Estate

$475,000

Closed

54 Washington Street

Middletown, Connecticut, 06457 · Middlesex County

18,432

Sq Ft

1936

Built

MLS # 170441502

Price / Sq Ft

$26

Property Type

Commercial For Sale

Lot Size

0.13

Class

Property

About This Property

Opportunity knocks! 54 Washington is a unique building with prime location located in the heart of downtown Middletown. The building offers an open floor plan which could work for retail or wholesale businesses. Picture a blank slate and put your investments to use! Or...Use 'as-is' for an event space, social club, or look into re-developing for something else, such as conversion to office, retail, restaurant, or possible residential uses. There is a huge municipal parking lot directly across the street as this building doesn't have any current parking on site. Open layout with over 6000 SF on each of two floors with the basement (formerly a gym space with walk in locker room style showers with sauna. Two large offices to either side of front foyer and another large common area with a bar. The 2nd floor has High ceilings, a stage and open ballroom. Easy access to Route 9, Downtown Middletown restaurants and shops, and municipal buildings. This building was once used to house the Italian American Club. In the current use, the building needs complete repair. natural gas with new furnaces (3) - the oil tanks in basement are no longer in use. No utilities are on, being sold as is, where is. Buyer to do their own due diligence. A $70,000 new roof and $3,000 new PVC drains were just installed. Solid brick building sitting on a corner lot in a high traffic area!

Property Details

54 Washington Street, Middletown Connecticut 06457 — Commercial For Sale listed at $475,000.

At a Glance

--

Bedrooms

--

Bathrooms

18,432

Sq Ft

0.13

Lot Size

--

Garage

1936

Year Built

The Details

Property TypeCommercial For Sale
NeighborhoodMiddlesex
Address54 Washington Street
MLS Number170441502
Year Built1936
Square Footage18,432
Lot Size0.13
Water SourcePublic Water Connected

Property Details

Availability & Terms

Acceptable FinancingFHA,VA,CHFA
Financing UsedCash
Occupied ByVacant
Possession Availabilitynegotiable

Financial

Assessed Value318600
Mil Rate Total44
Property Tax14018
Tax YearJuly 2021-June 2022

Property Features

Cooling SystemNone
Exterior FeaturesSidewalk
FlooringConcrete,Vinyl,Wood
Foundation TypeBrick
Garage ParkingOff Street Parking,Parking Lot,Other
Heat Fuel TypeOil
Heat TypeHot Air
Interior FeaturesFire Suppression System,Security System,Window Display
Roof InformationFlat,Tar/Gravel

All Photos (30)

Affordability Calculator

$475,000

Down Payment$95,000
Loan Amount$380,000
Principal & Interest$2,402/mo
Property Tax$475/mo
Insurance$100/mo
Est. Monthly$2,977/mo

Listing Agent

L

Lauren Freedman

Coldwell Banker Realty

Contact Lauren Freedman

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Quick Facts

StatusClosed
TypeCommercial For Sale
ClassProperty
MLS #170441502
Last Updated2021-11-24