711 East Main Street, Meriden, CT

PROPERTY FEATURES:

• 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:

• 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

• LEASE RATES-

• 1st Floor- 5,000 SF +/- Industrial- $6.75 PSF NNN + Utilities

• Total Monthly Rate- $4,041.67 Per Month + Utilities

• 2nd Floor- 1,900 SF +/- Office & Storage- $975 Per Month Gross + Utilities

• SALES PRICE-

• $385,000 REDUCED FROM $457,900

• 711 East Main St., Meriden For Sale Lease 03072022
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