Property profile

1257 Broad St Meriden, CT 06450

OFF-MARKET
Retail properties & Spaces
39,815 SF Built 1986
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Property summary

AI-generated overview

This exceptional 2,000 square foot medical office space, located at 1257 S Broad St in Wallingford, CT, presents a fantastic opportunity for medical professionals seeking a prime location. Situated within a larger building totaling 39,815 square feet, this single-tenant unit offers a fresh start, having recently undergone demolition, making it ready for immediate tenant build-out to suit specific needs. The space boasts a 12-foot ceiling height, providing ample room for efficient layout and design. The property sits on a generous 3.5-acre lot and benefits from exceptional visibility and accessibility, with an average daily traffic count of 17,100 vehicles. The building was constructed in 1986 and is zoned RF40, allowing for a variety of uses. The lease rate is $16.50 per square foot, triple net (NNN), plus utilities. Estimated net operating expenses are $4.95 per square foot. The monthly rent, inclusive of utilities, is $3,575. This property is ideal for a practice seeking a modern, well-located, and easily customizable space in a high-traffic area. The property is classified as both retail and office, making it versatile for a range of medical or related businesses.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1986
Total area 39,815 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic

Location

1257 Broad St Meriden, CT 06450
Meriden metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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