$ 1,800,000.00
Description
Harding Commercial Real Estate is proud to bring the highly profitable and meticulously maintained medical/office investment properties at 51 & 57 South Main Street in Middletown to market. The properties are being sold as a package and offer substantial immediate cash flow through their investor-friendly triple net lease structures. The properties are located directly across the street from major regional healthcare provider Middlesex Health’s main hospital campus offering significant additional upside through appreciation. Financials and interior photos available upon request. Property highlights include:
- 7.4 in-place cap rate
- Triple net lease structure allowing ownership to collect substantial rents with very little cash outlay
- Newly paved and striped parking area with parking for 30+ vehicles
- Easy on/easy off highway access to State Route 9
- Close proximity to major regional health system main campus
- HVAC units replaced at 57 South Main Street approximately 5 years ago
- Partial roof replacement and chimney redone at 51 South Main Street approximately 5 years ago
- 51 South Main Street has been meticulously maintained with great attention to detail in preserving the late 1800sf Italian Architecture and period appropriate fits and finishes
- Elevator at 57 South Main Street underwent major servicing in 2025 including the installation of new hydraulics
- Owner/user potential with non-renewal of leases
- 57 South Main Street basement currently owner storage but could be converted to leasable space or paid tenant storage
- New vinyl siding was added to 51 South Main Street around 2000
Please call, text or email with any questions or to set up a showing
Brendan Kelly
Cell: (860) 463-3326
Office: (860) 344-5551
Email: brendan@hardingdevelopment.com