Technical
Financial
Distress signals
Property profile

500 S Broad St Meriden, CT 06450

FOR LEASE
Industrial properties
Property ID
US15-0514704
24.05 ac lot
Entity Owned 17-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 422,000-square-foot industrial property, situated on 48.1 acres in Meriden, Connecticut (zip code 06450), presents a unique opportunity for businesses seeking versatile space. The property, classified as Class B, boasts a single three-story building constructed in 1957 and renovated in 1970. Offering multiple tenancy options, spaces range from a minimum divisible unit of 10,208 square feet to a maximum contiguous space of 135,252 square feet. Clear ceiling heights reach 10 feet. The building features one drive-in door, eleven loading docks, and an elevator for convenient access to all three floors. Ample parking is available with 550 spaces. The property is zoned M-3 and benefits from excellent highway access and proximity to local services, conveniently located on the Meriden/Wallingford line. The building includes a lower-level auditorium with a capacity exceeding 200 people and offers various office spaces, ranging from 19,983 square feet on the first floor to 3,000-30,000 square feet on the second floor. Power is supplied at 277/480 volts. Lease rates vary depending on the space type and size.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 24.05 ac (1,047,579 SF)
Zoning code M-3
APN MERI M:805 B:311 L:1D
UPID US15-0514704

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
  • Bank Credit Union
  • Publishing House Newspaper & Magazine
  • Advertising Agency Marketing & Advertising
  • Warehouse & Storage
  • Gym & Fitness Center Sports Field & Court

Location

500 S Broad St Meriden, CT 06450
Meriden metro Census 171100 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2009
1 recorded transaction
2009
Price N/A

Zoning & alternative use

M-3 · Meriden, CT
Zoning description

elopment [TOD] District. § 213-28 Neighborhood commercial design district (NCDD). Article VI Industrial Districts § 213-29 M-1 Research, Development and Manufacturing District. § 213-30 M-2 Industrial District. § 213-31…

General category INDUSTRIAL

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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