NOMADEReal Estate

$1,299,000

ActiveJust Listed2 days ago

516 Washington Street 1

Middletown, Connecticut, 06457 · Middlesex County

5,115

Sq Ft

1900

Built

MLS # 24189275

Price / Sq Ft

$254

Property Type

Commercial For Sale

Lot Size

0.47

Class

Property

About This Property

Exceptional commercial opportunity in one of Middletown's busiest retail corridors. Situated on approximately 0.50 acres, this 5,115 SF commercial building offers outstanding visibility with average daily traffic counts of approximately 20,000 vehicles. Currently operating as an auto repair facility with five vehicle lifts, the property is well-suited for continued automotive use or redevelopment. Located in the desirable B-2 General Commercial Zone, this site offers tremendous flexibility for a variety of commercial uses, making it an excellent investment or development opportunity. Surrounded by established national and local businesses, the property benefits from strong exposure, convenient access to major roadways, and a thriving commercial environment. Whether you're looking to expand your existing business, invest in an income-producing property, or redevelop a prime commercial site, this is a rare opportunity to secure a highly visible location in one of Middletown's most sought-after business districts.

Property Details

516 Washington Street 1, Middletown Connecticut 06457 — Commercial For Sale listed at $1,299,000.

At a Glance

--

Bedrooms

--

Bathrooms

5,115

Sq Ft

0.47

Lot Size

--

Garage

1900

Year Built

The Details

Property TypeCommercial For Sale
NeighborhoodMiddlesex
Address516 Washington Street 1
MLS Number24189275
Year Built1900
Square Footage5,115
Lot Size0.47
Water SourcePublic Water Connected

Property Details

Financial

Assessed Value354290
Mil Rate Total38.9
Property Tax13782
Tax YearJuly 2025-June 2026

Property Features

Cooling SystemWindow Unit
Exterior FeaturesDoors - 20+ ft,Lighting
FlooringConcrete
Foundation TypeSlab
Heat Fuel TypeElectric
Heat TypeBaseboard
Interior FeaturesPublic Restrooms
Roof InformationRubber

Location & Community

DirectionsGPS Friendly
LocationRetail Corridor
NeighborhoodN/A
MARKET CONTEXTMiddletown
Town Median+300% vs list
$325,000
Middletown, CT
Mill Rate
35.80
Middlesex County
NYC Commute
140 min
Metro-North express
Schools
B
2 graded
LOADING COMP CLOUD…

This listing is +300% vs the Middletown median. Verify against same-school-district comps before competing offers.

Contact Santo Gulino

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Affordability Calculator

$1,299,000

Down Payment$259,800
Loan Amount$1,039,200
Principal & Interest$6,568/mo
Property Tax$1,299/mo
Insurance$100/mo
Est. Monthly$7,967/mo

Listing Agent

S

Santo Gulino

William Raveis Real Estate

Quick Facts

StatusActive
TypeCommercial For Sale
ClassProperty
MLS #24189275
Last Updated2026-07-06