235 Hanover Street, Meriden, CT 06451 - Photo 1

1/1

$380,000

Sold
Closed
Commercial

1/1

Property Description

Attention Investors: Fully Occupied Mixed Use Property! We are seeking investors for a Value-Added Mixed-Use property currently generating an impressive 11.1 Capitalization Rate (CAP). All tenants are currently on month-to-month leases and are paying below-market rents. The new owner has the potential to significantly enhance the property's CAP to 13 or even higher by implementing market-based rents. The property consists of three spacious residential studio apartments on the upper level and two commercial retail spaces on the ground level. It is strategically situated in Meriden's vibrant downtown area, conveniently located near the new train station, town green, public library, and major highways. Each apartment is equipped with electric baseboard heating, ensuring comfortable living. Each unit has its own separate electric meter, along with a house meter. There are ample parking options, including four parking spaces behind the building for both residential and retail units, as well as on-street parking.

Full Property Details

Full Property Details for 235 Hanover St

General

Sold For: $380,000
Taxes: (July 2025-June 2026)
Status: Closed
Type: Commercial
Source: SMARTMLS
MLS ID: 24083340
Added to Site: 320 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 1
Half Bathrooms: 1
Restrooms: 5

Exterior

Exterior Features: Sidewalk

Parking

Uncovered Spaces: 4
Total Spaces: 4
Parking: Driveway

Location

County: New Haven
Driving Directions: GPS
Traffic Count: 7600

Heating & Cooling

Cooling Type: None
Heating Type: Hot Air, Electric
Heating Fuel: Electric

Utilities

Sewer: Public Sewer Connected
Water: Public Water Connected
Utility Description: Electric, Telephone, Cable Available

Structural Information

Roof: Asphalt Shingle
Stories/Levels: 2
Stories in Building: 2
Square Feet: 2,528
Sq. Ft. Source: Public Records
Year Built: 1890

Unit Information

# Tenants: 3

Unit 1

Unit Description: Efficiency
Square Feet: 425
Total Bathrooms: 1

Unit 2

Unit Description: Efficiency
Square Feet: 425

Unit 3

Unit Description: Retail
Square Feet: 425
Total Bathrooms: 1
Partial Bathrooms: 1

Lot Features

Lot Size (Acres): 0.09
Frontage: Municipal Street, Paved Road
Zoning: C-4
Lot Description: Corner Lot, Dry, Cleared

Financial Considerations

Annual Sewer Fee: $884
Assessment Amount: $143,150
Tax Year: July 2025-June 2026

Disclosures and Reports

Documents Avail.: None
Property ID: 1176233

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Meet the listing agent

— 235 Hanover St —

Joe Scarpellino

Email Me

(203) 623-4422 direct

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NMLS#: 1598647

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Schools

Schools serving 235 Hanover St

School District:Meriden School District

Name	Grades	Distance
Casimir Pulaski School 100 Clearview Avenue, Meriden, CT 06450	1-5	0.8 mi
Lincoln Middle School, Meriden, CT 164 Centennial Ave., Meriden, CT 06450	6-8	0.7 mi
Orville H. Platt High School 220 Coe Ave., Meriden, CT 06450	9-12	0.8 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 235 Hanover St

Date

Details

Price

Change

Source

11/05/2025

Sold

$380,000

-4.76%

MLS

5/20/2025

Price Reduced

$399,000

-3.86%

MLS

3/27/2025

Listed

$415,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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235 Hanover St, Meriden, CT 06451 - Photo 1

Sold

$380,000