Investigated in this work, Cd1−xZnxSe-mixed ternary compounds were grown by the Bridgman method. Several compounds with zinc content varying in the range 0 < x < 1 were produced between two binary parents, CdSe and ZnSe crystals. Using the SEM/EDS technique, the accurate composition of formed crystals was determined along the growth axis. Thanks to that, the grown crystals’ axial and radial uniformity were determined. Characterization of the optical and thermal properties was undertaken. The energy gap was measured using photoluminescence spectroscopy for different compositions and temperatures. The bowing parameter describing the behavior of the fundamental gap with composition for this compound was found to be 0.416 ± 0.06. The thermal characteristics of grown Cd1−xZnxSe alloys were systematically studied. The thermal diffusivity and effusivity of the crystals under investigation were experimentally determined, allowing the calculation of the thermal conductivity. We applied the semi-empirical model that Sadao Adachi developed to analyze the results. Thanks to that, it was possible to estimate the contribution arising from chemical disorder to the crystal’s total resistivity.