Downtown Redevelopment Retail
For Sale
$450,000
163 Pratt St, Meriden, CT 06450
Redevelopment site with a large brick building and substantial road frontage in a TOD zoning district near transit.
Property Size57,824 SF
Price / SF$7.89
Days on Market96
Property Features for 163 Pratt St
General Information
Standard status
Active
Size
57,824 SF
Property subtype
Commercial
Zoning
TODP/TOD
Building Details
Building Size
57,824 SF
Year Built
1905
Stories
3
Listing Agency:
William Raveis Real Estate
Listed By:
Santo Gulino · License #RES.0782992
(860) 655-7004
Source:
Elliman
Added: Jun 3
Changed: Sep 2
Last Checked: Sep 5 at 8:56AM
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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
The offering includes four development lots totaling approximately 285 feet of road frontage, along with an existing 57,000-SF brick building. The Public Remarks indicate the existing structure requires a full cleanout and renovation, presenting an adaptive-reuse and redevelopment canvas for a new mixed-use concept. A Phase I Environmental Report is available upon request.
The site is located in Downtown Meriden within the Transit-Oriented Development Planning (TODP/TOD) zoning district. The TOD zoning supports moderate- to high-density mixed-use development with complementary commercial uses, and the Public Remarks note walking distance to the Meriden train station. The bikeScore, walkScore, and transitScore provided suggest the area is very walkable with some transit access.
For developers, this property is positioned to support a pedestrian-oriented, mixed-use program that may include apartments along with commercial uses such as retail, restaurants, offices, and cafes, subject to zoning and approvals. Given the stated condition of the existing building, it may also suit operators and investors looking for a ground-up redevelopment or substantial adaptive-reuse project tied to downtown revitalization efforts.
The site is located in Downtown Meriden within the Transit-Oriented Development Planning (TODP/TOD) zoning district. The TOD zoning supports moderate- to high-density mixed-use development with complementary commercial uses, and the Public Remarks note walking distance to the Meriden train station. The bikeScore, walkScore, and transitScore provided suggest the area is very walkable with some transit access.
For developers, this property is positioned to support a pedestrian-oriented, mixed-use program that may include apartments along with commercial uses such as retail, restaurants, offices, and cafes, subject to zoning and approvals. Given the stated condition of the existing building, it may also suit operators and investors looking for a ground-up redevelopment or substantial adaptive-reuse project tied to downtown revitalization efforts.
Key Highlights
- Four development lots with approximately 285 ft of road frontage in Downtown Meriden TODP/TOD zoning district
- Existing 57,000 SF brick building (built 1905) requiring full cleanout and renovation
- TOD zoning allows up to 69 residential units with complementary commercial uses
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,193
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Redevelopment site with a large brick building and substantial road frontage in a TOD zoning district near transit.
Where is this apartment building located?
The property is located at 163 Pratt St Meriden, CT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four development lots with approximately 285 ft of road frontage in Downtown Meriden TODP/TOD zoning district; Existing 57,000 SF brick building (built 1905) requiring full cleanout and renovation; TOD zoning allows up to 69 residential units with complementary commercial uses
