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Property profile & analytics
OFF-MARKET
Investment properties

163 Marlborough St Portland, CT 06480-1899

1,761 SF 0.23 ac lot Built 1906
Individually Owned 38-yr Hold ~ Est. High Equity
Property ID
US15-0617041
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1906
Construction FRAME
Total area 1,761 SF
Lot 0.23 ac (10,019 SF)
Zoning code B2
APN PORT M:020 B:0211
UPID US15-0617041
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
Current use
Occupant on record · Public records
  • R Plumbing Company LLC Plumbing Service General Contractor
  • Hair Works Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Steven J Fanelli · 38 yrs held
Steven J Fanelli
since 1987
1 recorded transaction
1987
$118,000
Zoning & alternative use
B2 · Portland, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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