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711 East Main St & 19 Swain St, Meriden CT

711 E Main St #19, Meriden, CT 06450, USA
$385,000

Description

PROPERTY FEATURES: 711 EAST MAIN ST., MERIDEN

 

  • 8,700 SF +/- Mixed Use- Industrial / Retail / Office Building on 0.37 Acres
  • Ideal for Warehouse, Distribution, Showroom & Office Use
  • Great Owner- User Opportunity!
  • Brick, Block, Steel Construction with Asphalt and Metal Roof
  • Located at a signalized intersection on the corner of East Main St. and Swain Ave., Meriden. ​​Frontage- 60’ on East Main St. & 215’ on Swain Ave.
  • Excellent Visibility with Great Signage – 1 Pylon Sign and 3 Large Signs
  • 1,800 SF +/- Leased- A&M Machine Shop- 30+ Years- $2,120 Per Month
  • 5,000 SF +/- Available Space For Lease on the 1st Floor – 5 Year Lease Required
  • Front- 2,000 SF +/-
  • 8’ Ceiling Height, Private Entrance, 2 Restrooms
  • Rear- 3,000 SF +/-
  • 10’x10’ Overhead Drive-In Door
  • 20’ Clear Span Ceiling Height
  • Direct Access to the Upstairs Office / Storage Area
  • 264 SF +/- Mezzanine
  • 2,244 SF +/- Basement Storage Space

 

2nd Floor Office & Storage Space1,900 SF +/- Available With Private Entrance

FINANCIAL INFORMATION: 711 EAST MAIN ST., MERIDEN

 

  • INCOME-
  • A&M Machine Shop- 30+ Year Tenant
  • 1,800 SF +/-
  • $2,120 Per Month
  • $25,440 Per Year- Essentially Covers the Entirety of the Property Expenses
  • EXPENSES-
  • Property Taxes- $15,136.18
  • Insurance- $4,800.00
  • Snow / Landscaping- $4,500
  • Management- $1,250.00
  • Estimate of Nets- $2.95 PSF
  • Total- $25,686.18
  • REDUCED  SALES PRICE-
  • $385,000  REDUCED  FROM $457,900 IF 711 E. MAIN ST. WERE TO BE PURCHASED SEPARATELY

 

PROPERTY FEATURES: 19 SWAIN AVE., MERIDEN

 

  • Fully leased & well maintained 1,900 SF +/- two-family house only available for sale along with 711 East Main Street, Meriden. 115 SF +/- Enclosed Porch.

 

FINANCIAL INFORMATION: 19 SWAIN AVE., MERIDEN

 

  • INCOME- 
  • 1st Floor – Large 950 SF +/- 1-Bedroom Unit- $975.00 Per Month
  • 2nd Floor – 950 SF +/- 3-Bedroom Unit- $1,100 Per Month
  • Garage- $200.00 Per Month
  • Total Monthly Income- $2,275.00
  • Total Annual Income- $27,300.00
  • EXPENSES-
  • Property Taxes- $4,187.33
  • Insurance- $2,000
  • Water and Sewer- $600.00
  • Total Annual Expenses- $6,787.33
  • ANNUAL NOI- $20,512.67
  • CAP RATE- 13.68%
  • SALES PRICE- 19 SWAIN AVE. IS ONLY AVAILABLE ALONG WITH 711 E. MAIN
  • 19 SWAIN AVE., MERIDEN- $150,000
  • 711 E. MAIN ST., MERIDEN- $385,000
  • COMBINED DISCOUNTED SALES PRICE- $535,000

 

 

Total Available SF 8,700 SF +/-
Total Acreage 0.37 Acres
Exterior Construction Brick / Block / Steel / Asphalt & Metal Roof
Interior Construction Sheetrock/ Steel/ Concrete/ Wood
Year Built / Renovated 1965 / 1981
Ceiling Height 8’ – 20’
Heat Source/ Type Gas- Forced Air
A/C A/C Units on 1st Floor

Central on 2nd Floor

Average Daily Traffic 14,300 Vehicles on East Main St.
Sewer City
Water City
Electric Eversource
Zoning C-3 – General Commercial
Distance to I-91

Distance to I-691

Distance to I-84

Distance to RT-5

0.5 Miles

1 Mile

8.4 Miles

0.5 Miles

 

Property Documents

  • 711 East Main St., Meriden & 19 Swain Ave., Meriden For Sale 03072022(1)
  • City: Meriden
  • State/county: Connecticut
  • Country: United States

Detail

Updated on March 7, 2022 at 4:35 pm

  • Property ID: MCP-5092
  • Price: $385,000
  • Property Size: 8 S/F +/-
  • Land Area:0.37 acres+/-
  • Year Built: 1981
  • Property Type: Investment, Multifamily
  • Property Status: For Sale

Contact info

Noah Matthews
Noah Matthews
2037213337
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