163 Marlborough St Portland, CT 06480-1899
This meticulously renovated 1,761 sq ft traditional office building at 163 Marlborough St, Portland, CT, presents a unique investment opportunity. Built in 1906 and completely renovated in 2023, this two-story property boasts six versatile rooms and 1.1 bathrooms, ideal for a variety of businesses. The building sits on a 0.23-acre lot and includes 15 parking spaces, plus a one-car garage, ensuring ample parking for staff and clients. Recent upgrades include a high-efficiency boiler, new central air conditioning, and a new roof, minimizing future maintenance costs. The property is zoned B2 and benefits from a high-traffic location, with over 16,900 cars passing daily, providing excellent visibility. Its proximity to a new development featuring a Starbucks and residential housing further enhances its appeal and potential for growth. This prime location offers a blend of historic charm and modern functionality, making it an exceptional opportunity for business owners seeking a well-maintained, conveniently located office space in a thriving area of Portland, CT (zip code 06480). The asking price is $385,000, with a price per square foot of $218.63.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Portland, CTCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.