Listing Agency: The Proto Group LLC Show Phone

Listed By: Steve Patten · License #REB.0756643 Show Phone

Source: Moodyscre

Added: Jul 18, 2024 Changed: Jul 6 Last Checked: Aug 8 at 12:58PM

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Investment Insights

Based on property information with market context.

This is a 6,000 square foot former bank branch with a drive-thru lane. Bank employees currently occupy approximately 2,560 square feet of the space and are open to leasing the space after the sale, but can relocate if the buyer needs the entire space or plans to redevelop the property. The property will be available after the branch closes in early August 2024. The property features a large monument sign at the entrance. It is located just off the corner of West Main Street and Centennial Avenue. Area retailers include CVS Pharmacy, Dunkin, Taco Bell, Family Dollar, and Advance Auto.

Key Highlights

• Existing bank branch tenant willing to lease space post‑sale (2,560 sf) or vacate if needed.
• 6,000 sf building with drive‑thru lane.**
• Available after branch closure in early August 2024.

Property Analytics

Property Profile

Current Use

Wells Fargo Bank Bank Wells Fargo ATM Atm Wells Fargo Advisors Financial Advisor

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Spa & Massage Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

368

Businesses Nearby

60k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 66% Shops & Services 33% Home Improvements & Furnishings 1%

McDonald's Dining

26,233 visits/mo 0.3 miles

Dunkin' Donuts Dining

13,775 visits/mo 0.1 miles

Family Dollar Shops & Services

6,369 visits/mo 0.1 miles

Shell Shops & Services

4,145 visits/mo 0.2 miles

Citgo Shops & Services

4,024 visits/mo 0.5 miles

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Bank - 6,000 SF former bank branch with drive-thru for sale.

Where is this bank located?

The property is located at 55 Centennial Ave Meriden, CT.

What is the asking price?

The asking price for this property is $780,000.

What are key features of this property?

This property features: Existing bank branch tenant willing to lease space post‑sale (2,560 sf) or vacate if needed.; 6,000 sf building with drive‑thru lane.**; Available after branch closure in early August 2024.