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763 Hanover Rd 8,009 SF 100% Leased Retail Building Meriden, CT 06451 $600,000 ($74.92/SF)
Investment Highlights
- Prime frontage on a state road in a well-established commercial/residential corridor
- Built in 1920; features asphalt shingle/tar-gravel roofing and forced-air natural gas heating
Executive Summary
Mixed Use / Commercial property, zoned C-2 on 1.14 acres. Retail store on the first floor with 4 bedrooms (currently all leased) and a shared kitchen on the second floor. Warehouse to the right has separate sub-dividable spaces with one currently leased until 2027. Lot size in Sq Ft: 49,685
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
8,009 SF
Building Class
C
Year Built
1925
Price
$600,000
Price Per SF
$74.92
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.16
Lot Size
1.14 AC
Zoning
C-2 - Commercial
Parking
5 Spaces (0.62 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | MERI-000622-000224-000011 | Improvements Assessment | $228,760 |
| Land Assessment | $153,300 | Total Assessment | $382,060 |
Property Taxes
Parcel Number
MERI-000622-000224-000011
Land Assessment
$153,300
Improvements Assessment
$228,760
Total Assessment
$382,060
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763 Hanover Rd
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