235 Hanover St, Meriden, CT

Listing office Coldwell Banker Realty | Branford j***@cbmoves.com Show Phone

Listing date Nov 24, 2025

Source Moodyscre

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Overview

This mixed-use property is fully occupied and located in Meriden's downtown area, near the train station, town green, public library, and major highways. The property consists of three residential studio apartments on the upper level and two commercial retail spaces on the ground level. Each apartment has electric baseboard heating and a separate electric meter. There is also a house meter. Parking includes four spaces behind the building for both residential and retail tenants, as well as on-street parking. The property is currently generating a 10.6 Capitalization Rate (CAP) with all tenants on month-to-month leases and paying below-market rents. There is potential to enhance the property's CAP to 13 or higher by implementing market-based rents. The property size is 2528 square feet.

Suggested Use

Real Estate Agency Garden Center Skin Care Clinic (Bike/Boat/Book/etc) Store Computer & Electronic Repair Acupuncture Catering Service Travel Agency Butcher Cafe & Coffee Shop

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

Location Insight

• Map
• Local Demand

City

Meriden

County

New Haven

State

Connecticut

Longitude

-72.8103

Latitude

41.5351

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FAQs

What type of property is this?

Mixed-use property - Mixed-use property in downtown Meriden with high CAP potential.

Where is this mixed-use property located?

The property is located at 235 Hanover St Meriden, CT.

What are key features of this property?

This property features: High 10.6% Capitalization Rate (CAP) with potential to increase to 13% or higher by raising rents to market value.; Fully occupied mixed‑use property with three residential studio apartments and two commercial retail spaces.; Prime location in Meriden's vibrant downtown area, near the train station, town green, public library, and major highways.