Price Reduced 16.95%

$2,450,000

Est. Mortgage $12,876/mo *

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Price History

$2,950,000
10/16/2023

$2,450,000
11/30/2023

49 Randolph Road, Middletown, CT, 06457

49 Randolph Road, Middletown, CT, 06457
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1968

28,305 sqft

The property at 49 Randolph Road in Middletown consists of a 28,305 square foot office/industrial building with expansion potential sitting on a substantial 17.43 acre parcel. The property would make a great corporate headquarters with many options for both attached and detached expansion as well as a great investment property for someone looking to lease out the main building and develop the remaining acreage. There are three separate entries off of Randolph Road and Bartholomew Road, making access for multi-use/multi-tenant plans much easier. The property was completely repainted over the summer and is connected to city water/sewer and is piped for gas. The property is located in the newly established MXI zone that allows for both commercial and residential development. The sellers have numerous development plans to share that include multiple residential, industrial and even retail options. The property is located less than a tenth of a mile from CT Route 9 which directly connects to all three major interstate highways in Connecticut, I-95, I-91 & I-84. The vast parking area and loading dock make deliveries and pickups quick and easy. There is also a 2,104sf double garage with a built-n 5 ton crane in the rear of the building. With a Dollar General currently under construction just across the street and many other businesses within a block or two, everything staff or residents could need is close by.

Status:

Active

Type:

Commercial

Units:

1

Zoning:

MXI

Frontage:

Municipal Street

Heating:

Hot Air

Cooling:

Central Air

Acreage:

17.43

Est. Taxes:

$49,797

Assessment

$1,481,560

Current Use

Office/Light Ind

Permitted Use

Redevelopment Opportunity

Utilities

Electric,Gas,Telephone,Cable

Lot Description:

Corner Lot

Days on Market:

228

MLS #:

170604667

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Brendan Kelly, Harding Commercial Real Estate Email: brendan@hardingdevelopment.com