R & R Auto World | 584 W Main St
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R & R Auto World 584 W Main St
6,500 SF 100% Leased Retail Building Meriden, CT 06451 $749,900 ($115/SF)
INVESTMENT HIGHLIGHTS
- signalized intersection
- flat useable piece
EXECUTIVE SUMMARY
What a phenomenal opportunity here. This is two parcels 584/594 to be sold together as .44 acre site on busy signalized intersection. 160 Ft of frontage. The neighbors across street are 2 gas stations, small strip center, and STORAGE behind. Great location for bank, automotive, ect. The property currently has a 2 family with tenants paying $800/$775. The 4 unit has two commercial spaces $2600/$850 and 2 residential units $850/$850. Currently brings in $6725 a month and has 5 garage bays which could be rented for additional income. 2 of the 3/4 bed rents are WAY under market at $850. Great potential with the C2 zone and location for many uses.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS Under Contract
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,500 SF
Building Class
C
Year Built
1975
Price
$749,900
Price Per SF
$115
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.51
Lot Size
0.29 AC
Zoning
C-2 - C2
Parking
15 Spaces (2.31 Spaces per 1,000 SF Leased)
Frontage
125 FT on West Main St
AMENITIES
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | MERI-000621-000193-000056 | Improvements Assessment | $139,720 (2024) |
| Land Assessment | $140,630 (2024) | Total Assessment | $280,350 (2024) |
PROPERTY TAXES
Parcel Number
MERI-000621-000193-000056
Land Assessment
$140,630 (2024)
Improvements Assessment
$139,720 (2024)
Total Assessment
$280,350 (2024)
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R & R Auto World | 584 W Main St
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