For Sale
$590,000

109 Hanover StMeriden, CT 06451

Downtown Meriden, high-yield potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property at 109 Hanover Street, Meriden, CT 06451, presents a compelling investment opportunity. The 5,410 square foot building boasts a diverse range of spaces, ideal for a multifaceted business or savvy investor. A substantial warehouse/industrial area (approximately 2750 square feet) features 16-foot clear ceilings and a striking 14' x 14' glass-panel overhead door. This space seamlessly integrates with a retail storefront offering excellent street visibility and on-building signage. Convenient back-office space supports efficient business operations. Adding to the income potential are two one-bedroom apartments, one beautifully updated and occupied, the other currently undergoing renovation, accessible via a separate building entrance. Located in the heart of downtown Meriden, this property benefits from proximity to amenities, the train station, ample street parking, and nearby municipal lots. The 8.00% cap rate and asking price of $590,000 make this a highly attractive proposition for owner-operators seeking a blend of workspace and rental income, or investors targeting a diversified portfolio with strong cash flow potential. This fully walkable neighborhood offers a vibrant and convenient location for any business.

Highlights

  • $590,000 asking price for a mixed-use property.
  • 5,410 square feet in total.
  • 8.00% cap rate.
  • Located at 109 Hanover St, Meriden, CT 06451.
  • Features warehouse/industrial space (~2750 SF), retail space with excellent street presence, office space, and two 1-bedroom apartments.

Property Details for 109 Hanover St

Property type
Retail properties, Mixed-use properties
Square Feet
5,410 SF

Location Insight

City
Meriden
County
New Haven
State
Connecticut
Latitude
41.536642
Longitude
-72.8064542
109 Hanover St, Meriden, Connecticut

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
109 Hanover St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message