139 Middletown Avenue, North Haven, CT 06473 now has a new price of $585,000!

by Jeanette Politano 12/31/2019

139 Middletown Avenue, North Haven, CT 06473
CommercialFor Sale
$585,000
139 Middletown Avenue
North Haven, CT 06473
Courtesy of Coldwell Banker Residential Brokerage
MLS: SmartMLS
Est. Mortgage
$3,120/mo

8% CAP RATE! INVESTMENT PROPERTY - FIRST TIME ON THE MARKET! This 11,800 TOTAL SF retail/office building was built in 2003. THE TOTAL SF OF FINISHED/LEASED SPACE IS 5,816. There are 3 retail/office spaces. Currently the first floor is occupied by a leased Deli. The second floor offers two units, one of which is an office space that is currently leased out month-to-month and the 3rd space is recently available, and listed separately for lease. The 1600 sf vacant unit was formerly a 2nd floor dance studio that features a large wood floored open space with lots of natural light as it faces the front of the building. Additional features include a waiting area w/kitchenette, office, restroom and closet. The building has a large 2,908 sf unfinished basement and a large 2,908 sf unfinished attic that is included in the total sq footage. Each of the 4 levels are identical sq footage of 2,908 and the canopy is 168 sf, all total 11,800. The Deli has kitchen equipment that the tenant brought into the space, only the hood will remain. Gas heat, central air, city water and sewer. Dumpster in side/rear. Detailed current expense list available and is included in figures, including insurance, electric, water, snow/landscaping costs, sewer tax, alarm and taxes. Owner/User can occupy 2nd floor available unit or it can be leased. This very well maintained property is in good condition, has excellent visibility on busy CT-17/Middletown Avenue and is located just 1.6 miles from I-91. Must See!

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About the Author
Author

Jeanette Politano

30 years of sales management, marketing, client services and real estate experience has enabled me to successfully market your home or help you find the home of your dreams.