711 East Main St & 19 Swain St, Meriden CT

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 Space – 1,900 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

• 711 East Main St., Meriden & 19 Swain Ave., Meriden For Sale 03072022(1)
  DOWNLOAD