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    31 Pratt St Meriden, CT 06450

    For Sale
    $349,900

    Mixed-use property with potential for retail and residential conversion.

    Lot size:
    0.32 Acres

    Property Features for 31 Pratt St

    General Information

    Lot size
    0.32 Acres

    Building Details

    Year built
    1920

    Source: The Property Shop CT Agent Cynthia J. Rodriguez

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

    Overview

    23,804 SF Mixed-Use Property

    This mixed-use property offers 23,804 square feet of space with potential for various uses. The upper level presents an opportunity for conversion into residential apartments, while the lower level is suitable for retail or commercial purposes, potentially creating multiple income streams. The building requires a full renovation, making it suitable for developers or investors seeking customization and value maximization. The property offers possibilities for retail, residential, or mixed-use concepts.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Meriden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.799541
    Latitude
    41.5378465

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with potential for retail and residential conversion.
    Where is this mixed-use property located?
    The property is located at 31 Pratt St Meriden, CT.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - Expansive 23,804 sq. ft. mixed-use property.; - Potential for multiple income streams from retail/commercial and residential use.; - Opportunity for full customization through renovation.
    (860) 519-0634
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    31 Pratt St Meriden, CT 06450
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    Meriden, CT 06450
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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
    31 Pratt St Meriden, CT 06450
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