141 Grove St Meriden, CT 06451
- Industrial properties
- 14,990 SF
- 0.48 lot acres
Current Use by Public Records
- National Cabinet & Millwork Installation LLC / General Contractor
Property Details for 141 Grove St
- Year built
- 1957
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.48 lot acres
- Property size
- 14,990 SF
- Zone code
- R-2
- Property type
- Industrial properties
- APN
- MERI M:103 B:14 L:1-4
- APU
- MERIM103B14L14
Description
This 14,990-square-foot industrial warehouse in Meriden, CT, is perfect for various uses. The single-tenant building boasts 13,215 square feet of warehouse space, complemented by 1,275 square feet of office space and a 1,275-square-foot basement. Three loading docks (two 12x10, one 7x12 drive-in) ensure efficient loading and unloading. The 14.5-foot ceilings provide ample vertical space, while the 3-phase 400-amp power supply caters to substantial energy demands. The well-appointed office area includes a conference room, ideal for administrative tasks and meetings. The property also features brand new energy-efficient LED lighting, bathrooms, a small kitchenette, and 12 parking spaces. Heating is provided by oil, with partial central air conditioning. The owner is willing to assist with tenant improvements. This exceptional property offers 286 feet of frontage on Grove Street and an additional 125 feet on Washington Street, providing excellent visibility and accessibility. Its strategic location offers a 2-minute drive to I-691, and within a 10-minute drive to I-84 and I-91, ensuring seamless transportation of goods. The property's address is 141 Grove St, Meriden, CT 06451.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $435,000
- 6.5%
- $410,000
- 7%
- $370,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $445,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $400,000
- Retail
- $435,000
- Mixed-Use
- $490,000
- Hospitality
- $430,000
- Educational
- $360,000
- Residential Income
- $360,000
- Energy
- $395,000
- Income-Based Land
- $370,000
- Food Service
- $410,000
Location Insight
- Map
- Local Demand
- City
- Meriden
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.8041
- Latitude
- 41.5407
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA