74 Centennial Ave
Meriden, CT 06451
Retail Property For Sale

INVESTORS! Incredible commercial investment opportunity in the heart of a vibrant community! Mixed-use ranch combines the best of both worlds -- a well-established barbershop and a spacious 2-bedroom unit. With a strong rental income history. There is also a garage space being rented for additional income. The barbershop, which has been successfully operating for over 20 years, is a testament to its loyal customer base and prime location. The owner would like to continue the business, ensuring a seamless transition for the new owner and would negotiate rent as part of an offer. The 2-bedroom unit is currently rented to a long-term tenant for $1,300/month. Additionally, there is a separate garage space that is currently rented for $325 per month, adding to the investment potential. The property received substantial upgrades in recent years, enhancing its overall value. The property was converted to gas in 2017 providing a more energy-efficient and cost-effective solution. The new roof installed in 2020 ensures worry-free maintenance for the foreseeable future. With a fantastic location surrounded by both residential and commercial properties, this investment property presents numerous possibilities. Whether you're looking to diversify your investment portfolio or seeking a reliable income stream, this mixed-use property has it all. Current business is grandfathered, any new business would need approvals. R-2 Zone with Code C1, buyer to confirm possible uses with town.Tenant in place 5 years, strong rental history $1300/month. Garage rented for $325/month, strong rental history. Shop owner/seller would like to stay and pay rent to continue his business but is negotiable.