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    500 Broad St Meriden, CT 06450

    Sponsored
    For Lease
    $4 SF/Yr

    422,000 SF Industrial/Flex Space in CT

    Lot size:
    422,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 422,000-square-foot industrial property, situated on 48.1 acres in Meriden, Connecticut (zip code 06450), presents a unique opportunity for businesses seeking versatile space. The property, classified as Class B, boasts a single three-story building constructed in 1957 and renovated in 1970. Offering multiple tenancy options, spaces range from a minimum divisible unit of 10,208 square feet to a maximum contiguous space of 135,252 square feet. Clear ceiling heights reach 10 feet. The building features one drive-in door, eleven loading docks, and an elevator for convenient access to all three floors. Ample parking is available with 550 spaces. The property is zoned M-3 and benefits from excellent highway access and proximity to local services, conveniently located on the Meriden/Wallingford line. The building includes a lower-level auditorium with a capacity exceeding 200 people and offers various office spaces, ranging from 19,983 square feet on the first floor to 3,000-30,000 square feet on the second floor. Power is supplied at 277/480 volts. Lease rates vary depending on the space type and size.

    Property Features for 500 Broad St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    422,000 SF
    Class
    B
    Total Rate
    149458.33

    Building Details

    Year Built/Renovated
    1957/1970
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    500 S Broad St - Industrial
    Size
    135,252 SF
    Rate per SF
    $4
    Space
    500 South Broad St - Flex
    Size
    10,208 SF
    Rate per SF
    $7

    HighLights

    • 135,252 SF industrial space available for lease, divisible to 45,000 SF.
    • Clear heights ranging from 10 to 17.6 feet.
    • Industrial lease rate: $4.25/SF, NNN.
    • 10,208 SF flex space available for lease with 10‑foot clear height.
    • Flex space lease rate: $7.00/SF, NNN.
    • Building features 11 loading docks and 2 drive‑in doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Money Source Financial Institution Record-Journal Newspaper Publisher Homebase Digital Marketing Agency Fosdick Fulfillment Warehouse Meriden Sports Complex Sports Complex

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Meriden
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.808887813296
    Latitude
    41.509801626851

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    FAQs

    What type of property is this?
    Distribution property - 422,000 SF Industrial/Flex Space in CT
    Where is this distribution property located?
    The property is located at 500 Broad St Meriden, CT.
    What is the lease rate?
    The lease rate is $4-$7 SF/Yr.
    What are key features of this property?
    This property features: 135,252 SF industrial space available for lease, divisible to 45,000 SF.; Clear heights ranging from 10 to 17.6 feet.; Industrial lease rate: $4.25/SF, NNN.
    Request Owner's contact information
    500 Broad St 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
    500 Broad St Meriden, CT 06450
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