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Property profile & analytics
OFF-MARKET
Showrooms

181 Hanover St Meriden, CT 06451-5463

1,484 SF 0.16 ac lot Built 1943
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US15-1007576
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1943
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,484 SF
Lot 0.16 ac (7,100 SF)
Zoning code TODH
APN MERI M:111 B:51 L:14C
UPID US15-1007576
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • ObsElite Performance LLC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Luis Rodriguez · 1 yrs held
Luis Rodriguez
since 2025
Last sale
$215,000
7 recorded transactions
2025
$215,000
2022
$200,000
2017
Price N/A
2011
$36,872
2011
Price N/A
2007
Price N/A
2004
$41,000
Zoning & alternative use
TODH · Meriden, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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