May 23, 2025 – Tim Hines of Horvath & Tremblay has successfully completed the sale of a mixed-use building in Middletown, Connecticut. Horvath & Tremblay represented the seller and sourced the buyer to complete the transaction at a sale price of $2,950,000. The mixed-use building is located at 484 Main Street in Middletown, Connecticut. The 4-story brick building features an elevator and contains fourteen (14) units consisting of twelve (12) office/retail suites and two (2), 1-Bedroom/1-Bathroom units with 26,984 square feet of rentable area in 33,742 square feet of total gross area on a 0.25-acre parcel of land. The Property also includes an adjacent lot located at 9 Alsop Avenue that serves as additional parking. Combined, the two Properties offer rare on-site parking for thirty-seven (37) vehicles. 484 Main Street is well-located along Main Street in downtown Middletown (the central business district), adjacent to the signalized intersection with Washington Street (CT Route 66) and is 0.2-miles from CT Routes 9/17. The location offers convenient access to area highways, public transportation and retail amenities on Main Street and Washington Street, Middletown’s primary commercial corridor. Main Street is home to numerous businesses, retailers, restaurants, office buildings, and municipal offices. Additionally, the Property is just 0.5-miles from Wesleyan University, one of the most prestigious liberal arts colleges in the country.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.