32 Edgewood StMeriden, CT 06451

  • Commercial land
  • 2.86 AC
For Sale
$899,000 View listing

Property Details for 32 Edgewood St

Lot size
2.86 AC
Zone code
C-3
Property type
Commercial land
APN
MERI M:617 B:155A L:77
APU
MERIM617B155AL77

Description

This exceptional 3.02-acre property, encompassing two parcels at 32 Edgewood St and 61 Edgewood Pl in Meriden, Connecticut, presents a unique investment opportunity. Located in New Haven County, zip code 06451, the land is zoned C-2 and boasts a strategic location, conveniently situated off exit 3 of I-691 and less than a mile from the Meriden Mall. The property received a zone change to C-2 in 2017, along with special approval from the Zoning Board of Appeals for age-restricted housing. While a previous plan for a 64-unit, four-story senior living facility with 128 parking spaces existed (entitlements have since expired), this site offers significant potential for redevelopment. The asking price of $899,000 includes both parcels, providing a substantial land holding ready for a new vision. The property requires new site plan approval from the City of Meriden to accommodate any future development. This prime location and flexible zoning make this an attractive proposition for developers seeking a high-visibility site with established infrastructure. The combined acreage of 3.02 acres (2.86 acres at 32 Edgewood St and 0.16 acres at 61 Edgewood Pl) offers ample space for a variety of commercial or residential projects.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $23,575,788
    Hospitality
    $21,595,294
    Educational
    $17,967,032
    Medical
    $18,584,946
    Retail
    $27,948,716

Location Insight

City
Meriden
County
New Haven
State
Connecticut
Latitude
41.5487
Longitude
-72.8135
CBSA code
35300
CBSA name
NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$8,288
$227,360
$910
$228,270
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-
-
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