CT > Meriden
Meriden, CT 06451,235 Hanover Street
Meriden, CT 06451,235 Hanover Street
Meriden, CT 06451,235 Hanover Street
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$415,000
Est. payment /mo
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2 Baths
2,528 SqFt
New

235 Hanover Street Meriden, CT 06451

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Omar Harper

Omar Harper

+1(845) 209-0133

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,528 sqft

Price per Sqft $164

MLS Listing ID 24083340

Full Baths 1

Half Baths 1

Year Built 1890

Annual Tax Amount $5,513

Lot Size 3,920 Sqft

Property Description

Attention Investors: Fully Occupied Mixed Use Property! We are seeking investors for a Value-Added Mixed-Use property currently generating an impressive 10.6 Capitalization Rate (CAP). All tenants are currently on month-to-month leases and are paying below-market rents. The new owner has the potential to significantly enhance the property's CAP to 13 or even higher by implementing market-based rents. The property consists of three spacious residential studio apartments on the upper level and two commercial retail spaces on the ground level. It is strategically situated in Meriden's vibrant downtown area, conveniently located near the new train station, town green, public library, and major highways. Each apartment is equipped with electric baseboard heating, ensuring comfortable living. Each unit has its own separate electric meter, along with a house meter. There are ample parking options, including four parking spaces behind the building for both residential and retail units, as well as on-street parking.

Location

State CT

County New Haven

Zoning C-4

Interior

Heating Hot Air

Cooling None

Exterior

Exterior Feature Sidewalk

Parking Features Driveway

Utilities Available Electric, Telephone, Cable Available

Roof Type Asphalt Shingle

Building

Lot Description Corner Lot, Dry, Cleared

Story 2

Foundation Concrete, Slab

Sewer Public Sewer Connected

Water Public Water Connected

Listed by Joe Scarpellino • Coldwell Banker Realty

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agent

Omar Harper

Broker Associate

+1(845) 209-0133

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235 Hanover Street

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