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    OFF-MARKET
    Commercial real estate

    506 Whitfield St, Guilford, CT 06437

    6,613 SF 0.59 ac lot Built 1900
    Property ID
    Property summary
    AI-generated overview

    This exceptional 6,613 square foot commercial property at 506 Whitfield Street, Guilford, CT, presents a unique investment opportunity. Situated on a 0.59-acre waterfront lot, this building currently functions as office space but offers significant adaptability. Its prime location is perfectly suited for a high-end restaurant, marine-related businesses, or even residential condominium conversion. The sale includes portions of Lots 81, 82, and 100, although final lot lines are subject to approvals and are not yet finalized. A portion of these lots will be divided by the current owner. The property's versatility is further enhanced by its proximity to the Guilford village center, train station, Yale University, and Bradley International Airport, with New York City a convenient 75 miles away. This property offers unparalleled potential. Consider expanding your holdings by acquiring adjacent properties at 485 Whitfield Street (MLS# 24000783) and 530 Whitfield Street (MLS# 24000145) to create a larger compound or campus. The possibilities are truly limitless. This is a must-see property for discerning investors seeking a prime waterfront location with exceptional redevelopment potential. The asking price is $4,250,000.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1900
    Total area 6,613 SF
    Lot 0.59 ac (25,700 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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