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Property profile & analytics
FOR SALE
Commercial land

525 Kensington Ave Meriden, CT 06451

20.4 ac lot
Entity Owned 2-yr Hold Free & Clear
Property ID
US15-0058651
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 20.4 ac (888,624 SF)
Zoning code C-2
APN MERI M:522 B:249 L:36
UPID US15-0058651
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$775k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$775k
Owner & transaction history
525 Kensington Ave LLC · 2 yrs held
525 Kensington Ave LLC
since 2024
Last sale
$775,000
2 recorded transactions
2024
$775,000
1999
$800,000
Zoning & alternative use
C-2 · Meriden, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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