329 Main Street

Middletown, CT
$ 1,250,000 Beds 0 Baths 0 Sq 9,927
Monthly Estimate* How much can I afford?

In the heart of Downtown Main Street, the Guy & Rice Building with the Forbidden City Bistro Asian Restaurant stands out. It is the only restaurant on main street with Acadian Windows that open up fully in season plus the black slanted awnings & center positioning on main street make it an attractive destination restaurant location. The family purchased 15 years ago and improved the 3 floor building creating a wine room out of a vault, massive elegant bar on the 1st fl with dining room seating and banquet lounge seating. The main level has vaulted grand ceilings that is appealing. There are apartments on the 3rd floor with shared laundry room and kitchenette style room.. Planning & Zoning have approved the conversion of the 2nd floor to apartments without a time delay. *Possible Speak Easy on the 2nd floor with separate entrance stairwell. This is a full restaurant retail location on the first floor, equipped with an expansive kitchen: 2 hoods with up to code ansul system, walkin, counters, stoves, fryers, racks, shelving, upright dishwasher system and sinks. Full cement basement has been cleaned and utilized for storage with a Big Dipper Themaco Grease Separator. Upgraded Electric and Security has been installed. The second floor is classy with a wood bar and multiple party and/or conference rooms. Bathrooms on the lower level and 2nd level have been remodeled with tiles. The entire facility is clean and this is a turnkey establishment for a similar menu.

Commercial

  • Price
  • $ 1,250,000
  • Lot Size
  • 5,227 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 9,927
  • Full Bathrooms
  • 0
  • Year Built
  • 1850
  • Half Bathrooms
  • 0
  • City, Zip
  • Middletown
  • Taxes
  • 22632
  • County
  • MIDDLESEX
  • Style
  • Commercial For Sale
  • Area
  • MLS#
  • 170266540
  • Zip
  • 06457
Listing Provided by: Michael A. Fine
Data Source: GFC CMLS and CTMLS (SmartMLS)

Features

General

Acres 0.1200
Commercial Catagory Investment, Office, Residential Income, Retail, Other
Flooring Tile, Wall-to-Wall Carpet
Location Highway Access, Downtown
Neighborhood N/A
Present Use Restaurant & apartments 3rd fl
Property Type Commercial For Sale
Status Active
Tax Year July 2020-June 2021
Utilities Available Electric, Gas, Telephone, Cable, Fire Suppression System
Year Built 1850
Zoning B-1

Interior Features

Cooling System Ceiling Fans, Central Air
Heat Fuel Type Oil
Heat Type Hot Air
Interior Features Fire Suppression System, Public Restrooms, Security System
Sq Ft Source Public Records
Sq Ft Total 9927
Total Numof Units 3

Exterior Features

Exterior Features Sidewalk
Foundation Concrete
Garage Parking Info On Street Parking
Lot Description Level Lot
Potential Use additional apartments on 2nd f
Road Frontage Description Paved Road
Roof Information Flat
Sewage System Public Sewer Connected
Water Source Public Water Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Storrs, CT office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

1/25/2020 Listed $1,250,000

Property vs Zip Code Average in 06457

Price
AVG $290K
$1.25M
Taxes
AVG $15,039
$22,632
Visits
AVG 24
61
Year Built
AVG 1939
1850
Walkscore
AVG 58
74
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

329 Main Street Middletown, CT is a Single Family Home for sale at $1250000 with 9927 sqft and a lot size of 5,227 SqFt Acre(s). 329 Main Street Middletown has 0 bedrooms, 0 baths and was built in 1850. The property's zip code is 06457 which is in Middletown, CT

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.