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Waterfront Property with Redevelopment Potential

506 Whitfield Street, Guilford, CT 06437

For Sale
$4,250,000

Waterfront property suitable for offices, restaurant, marine use, or condos.

Property Size6,613 SF
Lot Size0.59 Acres
Price / SF$642.67
Days on Market980

Property Features for 506 Whitfield Street

General Information

Standard status Active
Size 6,613 SF
Lot size 0.59 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $52,973

Amenities

Central air
Asphalt Shingle Roof
Sidewalk
Central Air Cooling
Gutters
Hot Air Heating
Level Lot
Lighting

Building Details

Year Built 1900
Listing Agency: Coldwell Banker Realty
Listed By: JOSEPH PISCITELLI · License CT RES.0542931
Source: Corcoran
Added: Mar 6, 2024 Changed: Aug 14 Last Checked: Aug 25 at 6:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty

Rey
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Investment Insights

Based on property information with market context.

This waterfront property, known as The Old Stone House, is currently utilized as offices and a research laboratory. The property offers potential for redevelopment into a high-end restaurant, marine-related business, boat sales, or residential condominiums. The sale includes a portion of Lots 81, 82, and 100. Note that town maps should not be used, as the current owner will divide a small portion of the properties. All lot lines are subject to approvals and should not be considered accurate at this time. The location is convenient to the Village, train station, Yale University, and Bradley International Airport, with New York City 75 miles away. The property contains 6,613 square feet. This property at 506 Whitfield Street can be sold with 530 Whitfield MLS# 24000145 for possible compound or campus.

Key Highlights

  • Waterfront property offering diverse possibilities: restaurant, marine, or residential.
  • Unique "Old Stone House" brimming with historic charm.
  • Explore the potential for a compound or campus setup by acquiring the adjacent property (530 Whitfield, MLS# 24000145).

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Electrical Service Auto Repair Shop (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

122
Businesses Nearby

Demographics for 06437, CT

22,064
Population
9,773
Households
2.3
Avg Household Size
50
Median Age
58%
College-Educated
98%
High-School Grad
47.1 sq mi
ZIP Area
468
Density / Sq Mi
$130,036
Median Household Income
$68,217
Median Earnings
$1,754
Median Rent
$491,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Office buildings in New Haven County, CT

$256 Jul
$213 Aug
$213 Sep
$193 Oct

Properties on Market for Office buildings in New Haven County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office building - Waterfront property suitable for offices, restaurant, marine use, or condos.
Where is this office building located?
The property is located at 506 Whitfield Street Guilford, CT.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Waterfront property offering diverse possibilities: restaurant, marine, or residential.; Unique "Old Stone House" brimming with historic charm.; Explore the potential for a compound or campus setup by acquiring the adjacent property (530 Whitfield, MLS# 24000145).
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