Property Description

This is a rare opportunity to own a mixed-use investment property in the heart of downtown Meriden, located in the C-1 zone. The property features four units: a street-level commercial space most recently used as a barber shop; a second-floor office formerly a CPA's office; a rear 1-bedroom apartment on the second floor; and a third-floor 1-bedroom apartment. The building offers strong value-add potential with flexibility for investors or owner-occupants. The second-floor office was previously configured as a residential unit and may offer potential for conversion back to an apartment with city approval. With a mix of residential and commercial space, the property provides opportunities for future income growth. Additional features include a rear parking lot for up to 10 vehicles. Heat and hot water are included via one boiler and one hot water heater. All tenants are month-to-month and would like to stay, offering flexibility for the next owner. Current rents: 1st-floor commercial $460/mo; 2nd-floor office $0/mo; 2nd-floor rear 1BR $525/mo; 3rd-floor 1BR $875/mo. Ideal for an owner-occupant or investor seeking flexible mixed-use space with income potential-don't miss this chance to unlock the property's full upside. Also listed as a multi family MLS #24158058

Property Features