J Poliner Building 510-526 Main Street, Middletown

Office for Sale
Catylist Listing ID: 30473406
Property Subtypes: Office Building
Building Size (RSF): 16,582 SF
Gross Land Area: 0.55 Acres
Sale Price: $1,275,000
Unit Price: $76.89 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: J. Poliner & Sons
Class of Space: Class B
Usable Size (USF): 14,872 SF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 11/1/2019

Overview / Comments

O,R&L commercial is proud to offer for sale the J. Poliner & Company building, including rarely available 36 off-street parking spaces located directly behind the building. The J. Poliner & Company property, a Main Street landmark since its construction in 1926, is a 14,872± GSF 2-story Retail / Office building with a full basement. There is 7,000± RSF of street-level retail space, which is currently 100% leased. On the second floor there is 5,981± RSF of office space, of which 1,270± RSF is leased (21%) and 4,711± SF is currently available (79%). The property also has a 1,710± SF single story building in the rear of the property which is 100% leased to a recording studio who has been there for more than 25 years. There are 36 parking spaces behind the main building as well as 800± SF of storage in a detached garage.

Additional Details

Nearest MSA: Hartford-East Hartford-Middletown
County: Middlesex
Zoning: B-1
Property Visibility: Excellent
Highway Access: Rt. 9
Site Description: I-91 S to Exit 22S, Route 9 South. Take Washington St Exit at second traffic light and then a right onto Main Street (Rt. 66).
Total Number of Buildings: 2
Year Built: 1926
Roof Type: Flat
Construction/Siding: Brick
Parking Ratio: 2.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Parking is free, located behind the building
Total Parking Spaces: 36
Sprinklers: None
Heat Type: Natural Gas
Air Conditioning: Engineered System
Zoning Description: B-1
Lot Frontage: 95
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,457 52,568 81,771
Median Age: 33.01 38.71 40.5
Households: 5,061 22,195 33,880

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