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365 Crown st - Crown Street Multifamily Development Site 3.25 Acres of Residential Land Offered at $850,000 in Meriden, CT 06450



Investment Highlights
- Access & Connectivity
- Strong Rental Demographics & Deman
- Area Amenities & Demand Drivers
- Quality of Life Amenities
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase 365 Crown Street, a multi-family development site located at 365 Crown Street in Meriden, CT (the “Property”). Located in a well-positioned urban location in downtown Meriden, the Property offers convenient access to the city's commercial core and is within walking distance of the Meriden Station, providing frequent CTrail Hartford Line and Amtrak Hartford Line service to New Haven, Hartford, and Springfield. The Property is minutes from the vibrant downtown district, featuring a growing mix of restaurants, retail, entertainment, and public amenities, while nearby Meriden Green serves as the city's premier space for community events and outdoor recreation. The Property enjoys excellent accessibility just moments from Interstate 691 (I-691), with direct connections to Interstate 91 (I-91), Route 15 (Wilbur Cross Parkway), and Interstate 84 (I-84), providing exceptional regional connectivity to Hartford, New Haven, Waterbury, and the broader Connecticut market. Its central location, strong transportation infrastructure, and ongoing downtown revitalization create an attractive live-work-play environment that continues to support residential demand.
The Property features an exciting development opportunity component with zoning approvals already in place, with an exception granted for the proposed 21-Unit Garden-Style multifamily development. The Property is located on an existing 3.53-acre parcel. Architectural plans feature efficient townhouse-style units, an attractive layout to prospective tenants, while simultaneously adding scale to a rapidly developing urban market.
The Property features an exciting development opportunity component with zoning approvals already in place, with an exception granted for the proposed 21-Unit Garden-Style multifamily development. The Property is located on an existing 3.53-acre parcel. Architectural plans feature efficient townhouse-style units, an attractive layout to prospective tenants, while simultaneously adding scale to a rapidly developing urban market.
Property Facts
| Price | $850,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 3.53 AC |
| Property Type | Land | ||
| Zoning | R-20 - residential | ||
| Price | $850,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 3.53 AC |
| Zoning | R-20 - residential |
1 Lot Available
Lot
| Price | $850,000 | Lot Size | 3.25 AC |
| Price Per AC | $261,538.46 |
| Price | $850,000 |
| Price Per AC | $261,538.46 |
| Lot Size | 3.25 AC |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | MERI-000117-000063-000032 | Improvements Assessment | $0 |
| Land Assessment | $349,860 | Total Assessment | $349,860 |
Property Taxes
Parcel Number
MERI-000117-000063-000032
Land Assessment
$349,860
Improvements Assessment
$0
Total Assessment
$349,860
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365 Crown st - Crown Street Multifamily Development Site
