40 Main St Meriden, CT 06451-5117
- Showrooms
- 3,102 SF
- 0.79 lot acres
Current Use by Public Records
- Master Auto LLC / Auto Repair Shop
Property Details for 40 Main St
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.79 lot acres
- Property size
- 3,102 SF
- Zone code
- C-1
- Property type
- Showrooms
- APN
- MERI M:703 B:293 L:10A
- APU
- MERIM703B293L10A
Description
This exceptional 4,202 square foot commercial property, situated on a 0.79-acre lot at 40 Main Street in Meriden, Connecticut, presents a unique investment opportunity. Currently operating as a state-of-the-art auto repair and used car sales facility, this C1 zoned property is fully equipped for mechanical repair, auto body work, and painting. The facility boasts the capacity to display twenty used vehicles, and the sale includes five existing license plates. The property is environmentally compliant, ensuring a smooth transition for the new owner. The building's robust infrastructure and established business operations provide immediate income potential. This turnkey operation offers a rare chance to acquire a well-established business with significant upside. The property's prime location in Meriden, CT, ensures high visibility and accessibility. Owner financing is negotiable, making this an attractive proposition for a wide range of investors. This is a rare opportunity to acquire a profitable, established business in a desirable location. The property is ready for immediate occupancy and offers significant potential for growth and expansion. Serious inquiries only.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $255,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $247,000
- AI Estimate
- $321,000
Market price range: $120k - $298kMarket price range: $112k - $370k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $190,000 Current use
- OFFICE BUILDING
- $345,000 Change: +84% Conversion: Easy
- RETAIL STORES
- $335,000 Change: +78% Conversion: Easy
- AUTO REPAIR, GARAGE
- $280,000 Change: +49% Conversion: Difficult
- WAREHOUSE, STORAGE
- $185,000 Change: -3% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Meriden
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.8269
- Latitude
- 41.5178
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA