530 Old Whitfield StGuilford, CT 06437

Property Details for 530 Old Whitfield St

Year built

1954

Construction

FRAME

Lot size

4.60 AC

Property size (Sq ft)

14,754 SF

Zone code

C-2

Property type

Office buildings

APN

GUIL M:29104

APU

GUILM29104

Description

This exceptional 14,755 square foot commercial building presents a rare opportunity to own a premier waterfront property directly on Long Island Sound in the heart of Guilford, Connecticut. Boasting over 180-degree water views, this unique property offers enormous potential for a wide variety of uses. Currently configured as office/research space, it is ideally suited for corporate headquarters, a marine study school, marine sales and repair operations, a church, or conversion into residential condominiums. Its waterfront location allows for water-dependent uses as well. The 4.6-acre lot provides ample space for expansion or additional development. The property enjoys a highly convenient location, with easy access to train service, Yale University, and Bradley International Airport. It's also situated just 75 miles from New York City. This offering presents a compelling investment opportunity, and there is the possibility of acquiring the adjacent property at 506 Whitfield Street (MLS #24000296) to create a larger compound or small campus. The asking price for this remarkable waterfront asset is $9,750,000. This is a truly exceptional opportunity to acquire a significant piece of Guilford's waterfront real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $2,439,277

  6.5%

  $2,251,640

  7%

  $2,090,809

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,927,758

  Geo Method

  $1,927,758

• Alternative Use

  Use

  Valuation

  Residential

  $2,792,034

  Hospitality

  $2,557,488

  Educational

  $2,127,800

  Medical

  $2,200,978

  Retail

  $3,309,911

Location Insight

City

Guilford

County

New Haven

State

Connecticut

Latitude

41.2731

Longitude

-72.6631

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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