181 Hanover St Meriden, CT 06451
- Showrooms
- 1,484 SF
- 0.16 lot acres
Current Use by Public Records
- ObsElite Performance LLC / Auto Repair Shop
Property Details for 181 Hanover St
- Year built
- 1943
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.16 lot acres
- Property size
- 1,484 SF
- Zone code
- TODH
- Property type
- Showrooms
- APN
- MERI M:111 B:51 L:14C
- APU
- MERIM111B51L14C
Description
This 1,431 sq ft commercial property at 181 Hanover Street, Meriden, CT, sits on a 0.16-acre corner lot in a high-traffic area, offering exceptional visibility and accessibility. Ideal for an automotive business or investor, the property includes three bays for optimal workspace and vehicle access. The garage boasts a drive-on lift with rolling lift jacks (1998, serviced 2023), an 11,000-pound 2-post lift (2022, serviced 2023), and an industrial air compressor. Included equipment also features a wheel balancer (computer functional, requires cone attachments) and an alignment machine (requiring a new computer). A fully equipped US General toolbox and a storage container are also part of the sale. This turnkey operation presents a rare opportunity to acquire a well-equipped mechanic's garage in a desirable, high-traffic location. The property is priced at $234,900. This is a fantastic opportunity for a mechanic looking to establish or expand their business. The high visibility and convenient location ensure strong customer access. Don't miss this chance to own a thriving automotive business.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $210,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $130,000
- 6.5%
- $135,000
- 7%
- $150,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $135,000
- Geo Method
- $145,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $140,000
- Retail
- $145,000
- Mixed-Use
- $120,000
- Hospitality
- $160,000
- Educational
- $135,000
- Residential Income
- $120,000
- Energy
- $145,000
- Income-Based Land
- $120,000
- Food Service
- $160,000
Location Insight
- Map
- Local Demand
- City
- Meriden
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.8086
- Latitude
- 41.5358
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA