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- LoopNet Team
116 Cook Ave
Meriden, CT 06451
Qualified Opportunity Zone Site · Property For Lease
HIGHLIGHTS
- Large mill building that will have market rate apartments with an open floor plan and large windows.
- The property is located next to a free flowing brook which will be enlarged and landscaped.
- Easy access to highways and public transportation, i.e., trains, bus route and proposed bike trail.
PROPERTY OVERVIEW
Qualified Federal Opportunity Zone site. The flexible redevelopment plans include market rate apartments, retail and commercial uses. Alternate uses are medical office, surgical space, bio-tech, IT, data, education and manufacturing. Zoning allows for almost any use. Because of our zoning, there may also be start up capital available for new businesses which relocate or open in the facility. The building is located in the Transit Oriented District, the Enterprise Zone and is a Federally Qualified Opportunity Zone site. In addition to the numerous allowed uses, these zones also allow for special tax and 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 be made available to any business that opens in a Qualified Opportunity Zone property such as ours. Below are links to the info re the incentives available from the City and State: www.meridenbiz.com/incentives/ https://portal.ct.gov/DECD/Services/Business-Development/Tax-Incentives/Opportunity-Zones Meriden's new train station and vibrant downtown are nearby. 20 minutes to Yale. The developer is also redeveloping the Opportunity Zone site cross the street, which is available: www.loopnet.com/Listing/1-King-Pl-Meriden-CT/13880272/ Full broker cooperation... call for details.
- Bus Line
- Commuter Rail
PROPERTY FACTS
