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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.

Property Details of 50 Rappallo Avenue

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Listed by Gary R Thompson of CT Realty Consultants

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