464 Pratt Street Ext - Apartments FOR SALE


Meriden, CT 06450- Meriden/Wallingford
$4,250,000 USD
203-804-0058
464 Pratt Street Ext, Meriden, CT for Sale
$4,250,000 USD
Apartments - FOR SALE
1/50
null | 8.86% Cap Rate

464 Pratt Street Ext
Meriden, CT 06450
Meriden/Wallingford


HIGHLIGHTS

  • Prime Location: Situated in centeral area of Meriden, CT, providing easy access to Harford and New Haven.
  • Increase cashflow by completing renovations and upgrades.
  • Existing signage faces I-691N/S.
  • Approximately 1.09 acres with additional 0.26-acre lot ensures ample parking for residents.
  • Built in 1900, this property retains its historic architecture while offering modern amenities.
  • Scores well in terms of driving convenience, with multiple accessible routes and plenty of parking. Walking and biking scores moderate ease of access.

OVERVIEW

RE/MAX Showcase is pleased to present The Mill, an exclusive listing for the mixed use property located at 464 Pratt St Ext, Meriden, CT. This 64,609 square foot building and has potential for 38 residential units and 3 commercial units. Nestled on approximately 109-acres of land, this property offers a unique blend of historic charm and modern living spaces. This listing includes 457 Pratt St Ext, offering an extra 0.26-acre lot which provides ample additional parking, enhancing the convenience and appeal of this exceptional mixed use offering. This property represents a significant investment opportunity with its blend of oversized units, architectural diversity, and modern conveniences.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$66 USD /SF

# OF UNITS

41

PRICE/UNIT

$103,659

CAP RATE

8.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meriden Mill

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1900

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

M-3

APN/PARCEL ID

MERI-001008-000333K-000030A-000003

ASK ABOUT THIS PROPERTY

David CandeloraRE/MAX ShowcaseMore Info
203-804-0058

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David CandeloraRE/MAX ShowcaseMore Info
203-804-0058

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.