Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1104 S Main St Meriden, CT

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.03 acre commercial land with business zoning.

    Type:LAND
    Lot size:
    2.03 Acres
    Added:
    Dec 1, 2023
    Days on Market:
    881
    Last Refresh:
    Apr 5 at 11:24 pm

    Property Features for 1104 S Main St

    General Information

    Standard status
    Active
    Lot size
    2.03 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Christian Dietz

    Listing agent Christian Dietz

    Listing office Colliers - Hartford

    Listing date Dec 1, 2023

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Hartford

    Overview

    Commercial Land Near Downtown Plantsville

    The property at 1104 South Main Street is a ±2.03 acre site with good accessibility on Route 10 and easy access to I-84 via Exit 29. It is located across the street from Kennedy Middle School and is in proximity to downtown Plantsville’s revitalized central business district. The property is zoned for business (B), and allowed uses include retail, service, office, and daycare.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Meriden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.7665
    Latitude
    41.5265

    Nearby Similar for Sale

    • $699,000
      2,160 SF

      Established Liquor Store with Real Estate

      Profitable liquor store with property on high-traffic Hanover Road.
      854 HANOVER Road, Meriden, CT 06451
      View Details
    • $424,990
      2,611 SF

      Income-Producing Meriden Multi-Family Property

      Three-unit property with investment potential near amenities and transportation.
      96 Franklin Street, Meriden, CT 06450
      View Details
    • $449,900
      3,409 SF

      Updated Multifamily Investment Opportunity

      Well-maintained two-family home with recent updates and strong rental potential.
      75 Curtis Street, Meriden, CT 06450
      View Details
    • $425,000
      3,008 SF

      Turnkey Three-Family Investment Property

      Three-unit property in Meriden, CT, ideal for investors or owner-occupants.
      102 Franklin Street, Meriden, CT 06450
      View Details
    • $525,000
      3,303 SF

      Spacious Meriden Multifamily Investment

      Well-maintained 3-family property in Meriden with strong rental potential.
      22 Webster Street, Meriden, CT 06450
      View Details
    • $540,000
      5,410 SF

      Mixed-Use Building Near Train Station

      Versatile mixed-use property with industrial, retail, office, and residential spaces.
      109 Hanover Street, Meriden, CT 06451
      View Details
    • $400,000
      1,872 SF

      Income Property in Meriden, CT

      Income-producing 3-family property with recent upgrades in Meriden.
      58 South Avenue, Meriden, CT 06451
      View Details
    • $149,900

      Commercial Lot in Prime Location

      Level commercial lot with high accessibility and development potential.
      246 Pratt Street, Meriden, CT 06450
      View Details
    • $315,000
      11,108 SF

      Operating Restaurant and Banquet Facility

      Fully operational Indo-Pakistani restaurant and banquet facility for sale.
      1835 North Broad Street, Meriden, CT 06450
      View Details
    • $274,900
      1,350 SF

      Updated Two-Family Property in Meriden

      Well-maintained two-family property with updated interiors and spacious yard.
      97 Woodland Street, Meriden, CT 06451
      View Details
    • $149,900

      Commercial Lot in Prime Location

      Leveled commercial lot with highway access, ideal for businesses.
      250 Pratt Street, Meriden, CT 06450
      View Details
    • $380,000
      3,561 SF

      Meriden Multifamily Investment Opportunity

      Three-unit property in Meriden, Connecticut, ideal for investment.
      201 Colony Street, Meriden, CT 06451
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.03 acre commercial land with business zoning.
    Where is this commercial land located?
    The property is located at 1104 S Main St Meriden, CT.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Excellent accessibility to Route 10 and I‑84 (Exit 29).; Located on a ±2.03 acre site.; Business Zoning (B) allows for retail, service, office, and daycare uses.
    (860) 249-6521 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Christian Dietz
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!