For Sale
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Property summary
This exceptional 6,000-square-foot retail property, formerly a bank branch, is available for purchase at $780,000 ($130/SF). Located at 55 Centennial Avenue in Meriden, Connecticut (06451), this single-story, 1978-built building sits on a 0.48-acre lot and offers convenient access to major thoroughfares. The property features 23 parking spaces and a prominent monument sign, ensuring high visibility. Its C-2 zoning allows for a variety of commercial uses. The building boasts a drive-thru lane, a valuable asset for many businesses. Nearby retailers include CVS Pharmacy, Dunkin', Taco Bell, Family Dollar, and Advance Auto Parts, indicating a strong commercial presence in the area. The property is currently vacant and will be sold with a two-year deed restriction prohibiting the operation of another financial institution. This presents a unique opportunity for investors and entrepreneurs seeking a well-located, versatile commercial space in a thriving Connecticut market. The property's size, location, and existing infrastructure make it an ideal candidate for redevelopment or repurposing. This is a rare opportunity to acquire a substantial commercial property in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Bank Loan Service
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Atm
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Financial Advisor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
ltiple-Family/Professional 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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Meriden, CTltiple-Family/Professional 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
ltiple-Family/Professional 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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-2 in Meriden, CT.
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