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    251 Freestone Ave Portland, CT 06480

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    For Sale
    $1,150,000

    1.54 acre industrial property featuring crane bays and lift.

    Lot size:
    1.54 Acres

    Property Features for 251 Freestone Ave

    General Information

    Lot size
    1.54 Acres

    Building Details

    Year built
    1960

    Source: Coldwell Banker Realty Agent Sarah B. Luce-Del Prete

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Property with Crane Bays

    This industrial property, situated just outside of Middletown, encompasses 1.54 acres. The property includes a building with over 13,000 square feet of space and a new roof. The interior is configured with three spacious bays, each equipped with a 16-foot high automatic overhead door and its own crane for handling heavy materials and equipment. One bay also features an in-ground hydraulic lift. The building provides 18-foot ceilings. The property offers over an acre and a half of outdoor space suitable for maneuvering and storing equipment. Environmental remediation has been completed, and a Phase 1 report is available. The location provides convenient access to major highways and transportation routes. This property is suitable for various industrial operations, including handling large shipments, manufacturing complex products, and equipment storage.
    Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6289913
    Latitude
    41.5701151

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    FAQs

    What type of property is this?
    Manufacturing property - 1.54 acre industrial property featuring crane bays and lift.
    Where is this manufacturing property located?
    The property is located at 251 Freestone Ave Portland, CT.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - 1.54 Acres of prime real estate in a central location outside of Middletown.; - 13,000+ sqft with three spacious bays.; - Each bay equipped with a 16-foot high automatic overhead door and crane.
    (203) 887-2295
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    251 Freestone Ave Portland, CT 06480
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    Portland, CT 06480
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    251 Freestone Ave Portland, CT 06480
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