Exceptional redevelopment opportunity in the heart of Downtown Meriden's Transit-Oriented Development Planning (TODP/TOD) zoning District. This rare offering consists of four development lots with approximately 285 feet of road frontage and an existing 57,000-SF brick building, situated within one of Connecticut's fastest-growing transit-centered redevelopment areas. TOD zoning supports moderate- to high-density mixed-use development within walking distance of the Meriden train station and allows for up to 69 residential units with complementary commercial uses. Permitted concepts may include apartments, retail, restaurants, office space, cafes, and other pedestrian-friendly amenities designed to enhance downtown living and economic growth. The property is ideally positioned within Meriden's ongoing revitalization effort, which encourages private investment. The existing structure requires a full cleanout and renovation, offering a blank canvas for developers, investors, and adaptive-reuse visionaries. Phase I Environmental Report available upon request.
Frontage:
Municipal Street,Paved Road
Permitted Use
Residential, Industrial, Retail
Lot Description:
Additional Land Avail.,Level Lot
163 Pratt Street, Meriden, CT, 06450
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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