INVESTMENT | 25,759± SF RETAIL BLDG
750 Newfield Street, Middletown, Connecticut 06457
Property Description
INVESTMENT OPPORTUNITY | 25,759± SF RETAIL BLDG
O,R,&L Commercial is pleased to present an Investment Opportunity of a 25,759 SF Retail Building at 750 Newfield Street in Middletown, CT. The building, 1 story retail / flex built in 1974 and renovated in 2012, retains two sticky tenants that have held occupancy for 10 years. The tenants have since exercised early renewal options (DG & MHQ) and expansion (MHQ). The property is situated on 3.31 acres in the NPC Zone and is in a high traffic retail trade area of 15,463 ADT.
Building Information
Property Type : Investment
Additional Property Types : Flex, Industrial, Retail
Listing Type : For Sale
Listing ID : 1086
Price : $3,595,000
Cap Rate : 7.64%
Gross Building Area : 25,759 Sqft
Available Area : 25,759 Sqft
Occupancy Level : Fully Leased
Occupied % : 100
Number of Floors : 1
Clear Height : 13ʹ – 16ʹ
Drive-in Doors : 8
Construction : Masonry / Concrete Block & Steel
Roof Type : Metal / Tin
Year Built : 1974
Year Renovated : 2012
Tenants : Dollar General & MHQ
Status : Active
Last Updated : 02/21/2024
Address Map
City : Middletown
State : CT
Zipcode : 06457
Country : US
Street Number : 750
Street : Newfield Street
Longitude : W73° 19′ 41”
Latitude : N41° 34′ 45.7”
Site Information
Site Area : 3.31 Acre
Zoning : NPC
Parking Spaces : 62
Parking Type : Uncovered
Signage : On-Building / Pylon
Visibility : Excellent on Route 3
Frontage : 259′ on Route 3
Highway Access : I-91, Route 9, & Route 3
Traffic Count : 15,463 ADT
Directions : Rt. 9 to Exit 19, right on West St./Rt. 372 then left on Shunpike Rd./Rt. 3. Newfield is on left.
Area Retail : Dunkin Donuts, Tractor Supply, CT Self-Stor, Middletown Toyota, Best Cleaners, etc.
Mechanical Equipment
Air Conditioning : Parial
Type of Heat : Gas, Hot Air
Sprinklered : No
Electrical Service : 400 amp
Utilities
Sewer : City
Water : City
Gas : Yes
Taxes
Assessment : $1,538,030
Mill Rate : 35.1
Taxes : $53,985
Floorplans / Site Plans / Maps
Investment For Sale
- Listing ID : 1086
- Available Area : 25,759 Sqft
$3,595,000
Agent info
O,R&L Commercial, LLC
Contact Agent
