51 S MAIN ST MIDDLETOWN CT 06457-3606
Turnkey Medical/Office For Sale Adjacent to Middlesex Hospital
Marketing description
The perfectly situated and meticulously maintained medical/office campus at 51 & 57 South Main Street in Middletown is now being offered for sale. The properties will have 6,618sf available for occupancy at the time of sale leaving ample room for a new owner and their medical practice or an investor bringing a new tenant/tenants with them. The properties are located directly across the street from Middlesex Hospital offering healthcare providers the convenience of just a quick walk to and from their procedures. The shared 30+ car parking area was freshly paved and striped less than a year ago and there is no deferred maintenance to speak of. The lone tenant at the properties is on a triple net lease relieving ownership of a portion of the maintenance, property tax and insurance burden. Financials and interior photos are available upon request. Please call or email Brendan Kelly. Cell: (860) 463-3326 Email: [email protected]
Investment highlights
- Location: The properties are located directly across from Middlesex Hospital's main campus
- Well Maintained: The current owner operated his ENT practice here for decades and has taken meticulous care and great pride in the upkeep of the properties
- Income: The lone medical tenant pays good rent on a landlord-friendly triple net lease
- Convenience: The campus is located just off of CT Route 9 which connects to I-91, I-95 and I-84
- Value-Add: 1,772sf basement at 57 South Main can be converted to paid tenant storage or possibly additional leasable space.
- CapEx 1: 30+ car shared parking area was paved and striped in 2025
- CapEx 2: Entirely new hydraulics installed in the 57 South Main elevator in 2025
- CapEx 3: Chimney redone and partial roof replacement at 51 South Main 5 years ago
- CapEx 4: HVAC units at 57 South Main replaced 5 years ago
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