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January 26, 2024

Meriden-Wallingford banquet facility to be demolished, become car wash after $1.35M sale

Costar 577 South Broad St., Meriden

A longtime banquet facility on the Meriden-Wallingford border has been sold for more than $1.3 million to a Tennessee company that plans to knock down the building and build a new car wash in its place.

The property — located at 577 South Broad St., in Meriden, and 1299 South Broad St., in Wallingford — was the former home of the il Monticello banquet and catering hall.

It had been a banquet hall for weddings and large parties for 23 years before closing in August, after owners announced their plans to retire.

The 2.84-acre property sold in January from Colella LLC for $1.35 million to the Hutton Group, a Tennessee-based real estate, investment and development firm that recently launched its ModWash line of car washes with plans to roll out 100 locations by the end of 2023.

The property had been on the market for close to two years, with high interest from gas station/convenience store operators, chain restaurants and medical groups, according to James McCall, of Coldwell Banker Commercial, who represented the seller in the deal.

Plans for the car wash have gained town land use approval.

Most ModWash buildings are ground-up developments that take about $3.5 million to $4 million to build, with permitting and construction taking about 14 months, Hutton CEO and President Karen Hutton said on the company website.

Hutton started out with new ModWash locations in South Carolina, Florida and New Jersey, with growth plans to operate in 15 states by the end of 2023.

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