2279 Boston Post RdGuilford, CT 06437

Property Details for 2279 Boston Post Rd

Year built

1940

Construction

FRAME

Lot size

0.78 AC

Property size (Sq ft)

2,029 SF

Zone code

TS2

Property type

Turn key restaurants

APN

GUIL M:78026

APU

GUILM78026

Description

This exceptional 0.78-acre commercial property at 2279 Boston Post Road in Guilford, Connecticut, presents a unique investment opportunity. The existing 3,769 square-foot building, constructed in 1940, offers potential for renovation or demolition, maximizing the value of this high-visibility lot. Situated on a state road with approximately 112 feet of road frontage, the property boasts excellent visibility and accessibility. The lot is described as dry and sloping. The building features a frame construction, asphalt shingle roof, concrete foundation, hot air heating, and central air conditioning. Public water is connected, but septic is required. The property is zoned TS2. A plot plan/survey is available. The assessed value in July 2021-June 2022 was $244,690, with property taxes totaling $7,982 and a mil rate of 32.620. The asking price is $554,000. On-site parking is available. This location offers a rural setting with convenient access to major roadways. Electric and gas utilities are available. The property's vacant status allows for immediate development or lease to a suitable tenant. This is an ideal opportunity for an investor or business owner seeking a prominent location in a desirable Connecticut town.

• CAP approach

  CAP return

  Valuation

  6%

  $493,118

  6.5%

  $455,186

  7%

  $422,672

• Comparable approach

  Method

  Valuation

  Relative Method

  $668,075

  Geo Method

  $668,075

• Alternative Use

  Use

  Valuation

  Residential

  $383,966

  Hospitality

  $351,711

  Educational

  $292,619

  Medical

  $302,683

  Retail

  $455,186

Location Insight

City

Guilford

County

New Haven

State

Connecticut

Latitude

41.3078

Longitude

-72.7171

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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