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    500 Broad St Meriden, CT 06450

    For Lease
    $11 SF/Yr

    422,000 SF Office Building, Flexible Suites

    Lot size:
    422,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Meriden, CT office building, located at 500 South Broad Street, offers a significant opportunity for businesses seeking flexible and spacious accommodations. The property encompasses a substantial 422,000 square feet within a single, three-story building situated on 48.1 acres of land. Built in 1957 and renovated in 1970, the Class B building features a traditional office layout with multiple tenancy options. Suites range from a minimum of 3,000 square feet to a maximum contiguous space of 30,000 square feet, providing adaptability for various business needs. The building boasts ample parking with 550 spaces and convenient elevator access. The zoning is designated M-3, and the property is situated in New Haven County, offering easy access to major transportation routes. The building's features include 11 loading docks and 2 drive-in doors, though these are part of a larger industrial space also available on the property. This prime location presents a unique opportunity to establish a strong presence in the Meriden business community. The available office space includes up to 50,000 square feet, with 19,983 square feet on the first floor and 3,000 to 30,000 square feet available on the second floor. The office lease rate is $11 per square foot, modified gross.

    Property Features for 500 Broad St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    422,000 SF
    Class
    B
    Total Rate
    386833.33

    Building Details

    Year Built/Renovated
    1957/1970
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    500 S. Broad St - 1st Floor Office
    Size
    19,983 SF
    Rate per SF
    $11
    Space
    500 S Broad St - 2nd Floor Office
    Size
    30,000 SF
    Rate per SF
    $11

    HighLights

    • First‑floor office space: 19,983 square feet available for lease.
    • Second‑floor office space: 3,000‑30,000 square feet available for lease.
    • Building features elevator access.
    • Office lease rate: $11 per square foot, modified gross.
    • Ample parking: 550 spaces available.
    • Convenient location: Meriden, CT, near Wallingford, with easy access to Route 5.
    Property Profile Insight Report 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?
    Office Property / Space - 422,000 SF Office Building, Flexible Suites
    Where is this office property / space located?
    The property is located at 500 Broad St Meriden, CT.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: First-floor office space: 19,983 square feet available for lease.; Second-floor office space: 3,000-30,000 square feet available for lease.; Building features elevator access.
    Request Owner's contact information
    500 Broad 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
    500 Broad St Meriden, CT 06450
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