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Map
$454,818*
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Commercial -
Off Market
50 Rappallo Avenue
Middletown, CT 06457
Studio
0 Bath
5120 Sqft
$396,000 - $482,000
Reference Base Price*
3.39%
Since Sep 1, 2022
National-US
Primary Model
About This Property
Well maintained mixed-use building in center of Middletown downtown
business district. Includes commercial space on the first floor
with could be divided into two separate commercial spaces or it
could be rented as one space. Space was last leased in 2020 for
$2,600 a month to a bakery. Previous uses have included a bakery,
bar and grille and restaurant. Second floor includes four well
maintained one bedroom apartments, all are currently leased for
rents from $800 to $1,000 a month. Additional space in the basement
could be used by owner or generate additional income. (see attached
Executive Summary for Income and Expense information and details.)
Property being sold as is.
The manager has listed the unit size as 5120 square feet.
The manager has listed the unit size as 5120 square feet.
Unit Size
5,120Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$86
Property Type
Commercial
Property Taxes
$539
HOA Dues
-
Year Built
1860
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 5, 2022 | No longer available | - | |
| No longer available | |||
| Aug 5, 2022 | Sold to Lucas Joseph | $425,000 | |
| Sold to Lucas Joseph | |||
| Feb 7, 2022 | Relisted | $439,900 | |
| Relisted | |||
| Jan 12, 2022 | In contract | - | |
| In contract | |||
| Dec 28, 2021 | Listed | $439,900 | |
| Listed | |||
Property Highlights
Parking Available
50 Rappallo Avenue
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
3
Beds
2.5
Baths
2,410 ft²
$162/ft²
$389,900
Nov 3, 2022
-
$512/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
12/28/2021
|
|
Loft
|
-
|
5120 ft²
|
$439,900
Loft
-
5120 ft²
|
-
-
|
-
|
Gary R Thompson
CT Realty Consultants
|
Building Info
