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30862217
30862817

200 W Main St, Meriden, CT 06451

RC
REB.0790498
$449,900
90 days on market
Updated 88 days ago
Opportunity zone

200 West Main Street - Meriden, CT 06451

Details
APN 0603/ 0164/ 0003/ 0000/
Property Type Mixed Use
Sub Type Multi family
Square Footage 2,598
Net Rentable (SqFt) 2,598
Units 4
Occupancy 54%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 10.61%
Pro-Forma NOI $47,722
Price per SqFt $173
Broker Co-Op Yes
Year Built 1899
Year Renovated Various
Buildings 1
Stories 3
Lot Size (SqFt) 7,840.8
Zoning C1
Parking Spaces 10 spaces
Parking Per SqFt 3.85
Investment Type Value Add
Occupancy Date 03/09/2026
Ground Lease No

Mixed Use | 2,598 SqFt

Marketing description

This is a rare opportunity to own a mixed-use investment property in the heart of downtown Meriden, located in the C-1 zone. The property features four units: a street-level commercial space most recently used as a barber shop; a second-floor office formerly a CPA's office; a rear 1-bedroom apartment on the second floor; and a third-floor 1-bedroom apartment. The building offers strong value-add potential with flexibility for investors or owner-occupants. The second-floor office was previously configured as a residential unit and may offer potential for conversion back to an apartment with city approval. With a mix of residential and commercial space, the property provides opportunities for future income growth. Additional features include a rear parking lot for up to 10 vehicles. Heat and hot water are included via one boiler and one hot water heater. All tenants are month-to-month and would like to stay, offering flexibility for the next owner. Current rents: 1st-floor commercial $460/mo; 2nd-floor office $0/mo; 2nd-floor rear 1BR $525/mo; 3rd-floor 1BR $875/mo. Ideal for an owner-occupant or investor seeking flexible mixed-use space with income potential-don't miss this chance to unlock the property's full upside.

Listing Contacts

RC
REB.0790498

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Additional Information

Name
Robert Clermont
License
REB.0790498
Brokerage
Clermont Real Estate
Brokerage Phone
203-675-6902
Title
Broker of Record
Brokerage Address
430 Finch Avenue, Meriden, CT 06451
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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