4
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$1,000,000
Est. payment /mo
12,288 SqFt
Active
54 Washington Street Middletown, CT 06457
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,288 sqft
Price per Sqft $81
MLS Listing ID 24203918
Year Built 1936
Annual Tax Amount $13,065
Lot Size 5,662 Sqft
Property Description
PERMIT IN HAND - READY TO BUILD! Located in the heart of Middletown and within walking distance of an abundance of downtown amenities, 54 Washington Street presents an exceptional redevelopment opportunity in a highly desirable location. Formerly home to the Italian American Club, this distinctive property offers both character and history while being fully positioned for its next chapter. The property has received zoning approval for conversion from a community/event space into 18 residential units, with additional space incorporated for a superintendent. A tremendous amount of the development work has already been completed. The property includes professionally engineered 18-unit build-out plans, along with stamped electrical and plumbing plans. With major building systems professionally designed, code-compliant, and permit-ready, a new owner can move directly toward the construction phase-eliminating much of the time, cost, and uncertainty typically associated with the planning and approval process. Adding even greater value, the Town has approved 18 parking spaces directly across the street, adjacent to the police station. For the savvy investor or developer seeking a residential conversion opportunity with approvals, plans, parking, and a prime downtown location already in place, 54 Washington Street offers a rare opportunity to step into a project that is truly ready to build.
Location
State CT
County Middlesex
Zoning B-1
Interior
Heating Steam
Cooling None
Exterior
Parking Features Other
Utilities Available None/Unknown
Roof Type EPDM Synthetic Rubber
Building
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Kenneth Ginsberg • KNG Realty LLC
NEARBY SCHOOL & BUSINESS
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