554 West Main Road
Get it while this corner is hot! The development across the street will only improve your investment, or you could move right in and enjoy the visibility and traffic at this major Middletown intersection. Enjoy neighboring retail draw with neighboring Bank Newport, across from Walgreens, Burger King, TD Bank, near Chase Bank, Shaws Marketplace, BJ’s, Christmas Tree Shop and more.
The two buildings that wrap around the corner are being offered for sale along with a lot for parking behind on Hart St. Don’t let this opportunity pass you by in the heart of Middletown’s high traffic retail sector. The three properties are being sold as one package. Not sold separately.
2 & 4 Coddington
Bldg- 2,258 sf
Land- 3,920 sf
Tenant 1- Will vacate 1/1/2022
Tenant 2- Lease until 11/30/2023 $725 and then $755 per month
New 40 Gallon Hot Water 2 Coddington 2017
Furnace /Oil Boiler 1999
554 West Main
Bldg.- 2.255 sf
Land- 4,791 sf
Tenant 1- Month to Month Lease- $1,330 per month
Tenant 2- Month to Month Lease- $1,300 per month
New HVAC Condensing Rooftop Unit 2015
New Rubber Membrane 20 Yr Roof 2017
Expenses 2021 ~ $18,000 for Insurance, Taxes, Snow Plowing & Alarm Testing, Misc.
Drainage tank located under the parking lot as required for runoff by Town of Middletown.