Turnkey Medical/Office For Sale 2 biens | Bureau | À vendre | 1 485 193 € | Middletown, CT

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 tenant(s) 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. NOI is proforma after full lease up of vacant space at $20/sf NNN. Please call or email Brendan Kelly. Cell: (860) 463-3326 Email: brendan@hardingdevelopment.com
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