525 Kensington Ave Meriden, CT 06451
For Sale
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This exceptional 23-acre commercial land parcel presents a unique investment opportunity in Meriden, Connecticut. Strategically located at a signalized intersection directly across from the Meriden Mall, this property boasts unparalleled visibility and accessibility. The site includes an additional 9.61 acres, totaling 32.61 acres of developable land. With 1,780 feet of frontage on Route 71, this location offers exceptional exposure to high traffic volume. The property's proximity to I-691 ensures convenient access for commuters and businesses. This prime location is ideal for a wide range of commercial developments, offering significant potential for substantial returns. The asking price for this expansive property is $3,500,000. The property is located at 525 Kensington Avenue, Meriden, CT 06451, in New Haven County. The land is classified as commercial, and the lot size is 23 acres. This is a rare opportunity to acquire a large, highly visible parcel in a thriving Connecticut market. The property's strategic location and significant size make it an attractive investment for developers seeking a high-impact project.
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
C-2 · 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.