Technical
Financial
Distress signals
Property profile

141 Grove St Meriden, CT 06451

FOR LEASE
Industrial properties
Property ID
US15-0379435
14,990 SF 0.48 ac lot Built 1957
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1957
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,990 SF
Lot 0.48 ac (20,909 SF)
Zoning code R-2
APN MERI M:103 B:14 L:1-4
UPID US15-0379435

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
  • Construction Company General Contractor

Location

141 Grove St Meriden, CT 06451
Meriden metro Census 170200 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k

Owner & transaction history

since 2024
Last sale
$500,000
7 recorded transactions
2024
$500,000
2016
$3,000
2013
Price N/A
2006
$315,000
2004
Price N/A
2004
Price N/A
2004
$200,000

Zoning & alternative use

R-2 · Meriden, CT
Zoning description

uses per lot. § 213-15 Temporary sales use. Article IV Residential Districts § 213-16 R-R Rural Residential District. § 213-17 S-R Suburban Residential District. § 213-18 R-1 Single-Family Residential District. § 213-19…

General category RESIDENTIAL

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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