$475,000

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!