181 Hanover St Meriden, CT 06451-5463
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.
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ObsElite Performance LLC Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
TODH · Meriden, CTMeriden. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.