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Property summary
The property consists of approximately 3.02 acres of land, made up of a 2.86-acre parcel at 32 Edgewood Street and a 0.16-acre parcel at 61 Edgewood Place. The zoning was changed to C-2 in 2017, and special approval was granted by the Zoning Board of Appeals for 55+ housing. A prior development plan contemplated a 64-unit, four-story building with 128 parking spaces; however, the entitlements associated with that plan have expired, and a new site plan approval from the City of Meriden would be required for any renewed development. The land is therefore configured to support a planned multifamily 55+ housing concept under the applicable C-2 zoning, subject to updated approvals.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Grocery & Convenience Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Office District. § 213-22 R-H Residential Historic District. Article V Commercial Districts § 213-23 C-1 Central Commercial District. § 213-24 C-1-A Central Commercial Annex District. § 213-25 C-2 General Commercial and…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Meriden, CTOffice District. § 213-22 R-H Residential Historic District. Article V Commercial Districts § 213-23 C-1 Central Commercial District. § 213-24 C-1-A Central Commercial Annex District. § 213-25 C-2 General Commercial and…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Office District. § 213-22 R-H Residential Historic District. Article V Commercial Districts § 213-23 C-1 Central Commercial District. § 213-24 C-1-A Central Commercial Annex District. § 213-25 C-2 General Commercial and…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-3 in Meriden, CT.
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