1 King St
Meriden, CT 06451
Qualified Opportunity Zone Site · Property For Lease

The developer has completed $4million worth of remediation along with some selective demolition. The building is a "shovel ready" Federally Qualified Opportunity Zone site which is also in the TOD and Enterprise Zones. In addition to the flexible zoning there may be start up capital available for businesses which relocate or open in this facility. These zones also allow for all State and Federal tax as well as financial benefits. On July 1, 2019 Connecticut Governor Lamont signed Bill SB 570 / File 365. It authorizes grants, low interest loans and assistance from the State of Connecticut to be available to businesses that open in a Qualified Opportunity Zone property such as this. Here are links to the incentives available from the State and City: www.meridenbiz.com/incentives/ https://portal.ct.gov/DECD/Services/Business-Development/Tax-Incentives/Opportunity-Zones The approved redevelopment plan consists of apartments, an assisted living center and medical office spaces. Medical office, surgical, bio-tech, IT, data centers, R&D, incubators and educational uses are allowed by right. The building has a large fiber optic line, natural gas main and is across from the local Eversource hub. There is an on site 3 story parking garage with additional parking lots and a heliport. The building has 50,000+ SF of temperature controlled, high ceilinged warehouse-storage space with loading docks. Easy access to Meriden's new train station and all major highways. 20 minutes to Yale Medical, New Haven or Hartford. Full Broker cooperation. The developer is also redeveloping the Federally Qualified Opportunity Zone site across the street: www.loopnet.com/Listing/116-Cook-Ave-Meriden-CT/16305390/ Email or call for additional information.