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    55 Centennial Ave Meriden, CT 06451

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    For Sale
    $780,000

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

    Property size:
    6,000 SF
    Lot size:
    0.91 Acres

    Property Features for 55 Centennial Ave

    General Information

    Size
    6,000 SF
    Lot size
    0.91 Acres

    Source: The Proto Group LLC Agent Steve Patten

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Bank Branch with Drive-Thru

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Wells Fargo Bank Bank Wells Fargo ATM Atm Wells Fargo Advisors Investment Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Meriden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.8231069
    Latitude
    41.5395718

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    FAQs

    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.
    (203) 530-3925
    Request Owner's contact information
    55 Centennial Ave Meriden, CT 06451
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    Meriden, CT 06451
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    55 Centennial Ave Meriden, CT 06451
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