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Adaptive Reuse Potential on Center
For Sale
$1,100,000

547 Center Street, Meriden, CT 06450

30,000 sqft building on 1.3 acres with adaptive reuse potential.

Property Size39,437 SF
Lot Size1.30 Acres
Price / SF$27.89
Days on Market756

Property Features for 547 Center Street

General Information

Standard status Active
Size 39,437 SF
Lot size 1.30 Acres
Property subtype General Commercial

Amenities

3
M-3

Building Details

Year Built 1900
Listing Agency: Gulino Real Estate
Listed By: Gulino Real Estate · License #REB.0791635
Source: Xome
Added: Jul 30, 2024 Changed: Aug 23 Last Checked: Aug 24 at 3:37AM

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 Gulino Real Estate

Investment Insights

Based on property information with market context.

This property features a 30,000 sqft building situated on 1.3 acres. Identified as a potential adaptive reuse property, the old mill/manufacturing/retail building presents opportunities for investors. The special zone allows for a large list of uses, including residential apartments. Details regarding permitted uses can be found in the city zoning regulations (Ch 213- 39.1 Adaptive Reuse).

Key Highlights

  • Currently rented 30,000 sqft building provides immediate income.
  • 1.3 acre lot offers significant development potential.
  • Identified as potential adaptive reuse property.

Property Analytics

Current Use

Construction Workforce Initiative ... Charitable Organization

Suggested Use

Top Pick Real Estate Agency Electrical Service Garden Center Furniture & Home Goods Hair Salon (Bike/Boat/Book/etc) Store

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

1,030
Businesses Nearby

Demographics for 06450, CT

36,007
Population
15,800
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
88%
High-School Grad
13.9 sq mi
ZIP Area
2,590
Density / Sq Mi
$68,961
Median Household Income
$44,109
Median Earnings
$1,267
Median Rent
$220,400
Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Manufacturing property - 30,000 sqft building on 1.3 acres with adaptive reuse potential.
Where is this manufacturing property located?
The property is located at 547 Center Street Meriden, CT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Currently rented 30,000 sqft building provides immediate income.; 1.3 acre lot offers significant development potential.; Identified as potential adaptive reuse property.
More about this property
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