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
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)