47 Billard St - Showroom FOR SALE


Meriden, CT 06451- Meriden/Wallingford
$2,100,000 USD
860-761-6018
47 Billard St, Meriden, CT for Sale
$2,100,000 USD
Showroom - FOR SALE
1/29
null | 9.31% Cap Rate

NEW


47 Billard St
Meriden, CT 06451
Meriden/Wallingford


HIGHLIGHTS

  • 34,992± SF Industrial Building
  • Building is currently 50% occupied
  • 2.25 Acres for New Building or Outside Storage Space Available
  • Tenants are Month-to-Month
  • Owner Financing Available
  • Zoning: M-3

OVERVIEW

O,R&L Commercial is pleased to present 47 Billard Street in Meriden, Connecticut, a 34,992± SF industrial building situated on 2.15 acres in the M-3 Zone and offered for sale at $2,100,000. The three-story property is currently 50% occupied with month-to-month tenants, providing an owner-user or investor with immediate income and future leasing potential. The building features a 16-foot clear height, one loading dock, one drive-in door, central air conditioning, gas forced hot air heat, and a wet sprinkler system, along with 100 parking spaces. An additional 2.15 acres is available for a new building or outside storage, offering valuable expansion potential. With convenient access to Interstate 691 and Interstate 91, the property is well-positioned for a variety of industrial uses. The property generates $248,928 in income with a $195,528 NOI, and owner financing is available, making this a compelling opportunity for investors or owner-users seeking an industrial asset with existing cash flow and future development potential.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$60 USD /SF

CAP RATE

9.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Showroom

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

16 Ft

DOCKS

1

DRIVE INS

1

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.15

LAND SF

93,654

ZONING

M-3

APN/PARCEL ID

MERI-000513-000245-000002A-000025

ASK ABOUT THIS PROPERTY

Thomas WilksO,R&L CommercialMore Info
860-761-6018

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Thomas WilksO,R&L CommercialMore Info
860-761-6018

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