1201 Research Pkwy Meriden, CT 06450
- Commercial real estate
- 20.54 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1201 Research Pkwy
- Lot size
- 20.54 lot acres
- Zone code
- M-1
- Property type
- Commercial real estate
- APN
- MERI M:913 B:324D L:1-4
- APU
- MERIM913B324DL14
Description
This exceptional industrial property, located on Research Parkway, offers a substantial 47,000 square foot flex space, perfect for a variety of business needs. The single-suite building sits on a generous 29.6-acre lot, providing ample room for expansion, outdoor storage, or future development. The property's flex space configuration offers versatility, allowing for customization to suit specific operational requirements. The "build-to-suit" nature of this property presents a unique opportunity to create a space perfectly tailored to your company's specifications. This is an ideal solution for businesses seeking a large, adaptable industrial space with significant land area. The property is currently available for lease or purchase, offering a significant opportunity for businesses seeking to establish a substantial presence in this location. The expansive lot size provides significant potential for future growth and development, making this a long-term investment opportunity. Interested parties are encouraged to inquire for further details and to explore the possibilities this property offers. The single-suite layout provides a cohesive and efficient workspace. This property is ready for immediate occupancy or can be customized to meet your specific needs.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $555,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $595,000
- 6.5%
- $540,000
- 7%
- $555,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $600,000
- Geo Method
- $655,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $570,000
- Retail
- $490,000
- Mixed-Use
- $640,000
- Hospitality
- $575,000
- Educational
- $655,000
- Residential Income
- $590,000
- Energy
- $680,000
- Income-Based Land
- $670,000
- Food Service
- $665,000
Location Insight
- Map
- Local Demand
- City
- Meriden
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.7663
- Latitude
- 41.499
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA