455 Portland Cobalt Rd Portland, CT 06480-1910
This exceptional commercial property, located at 455 Portland Cobalt Road in Portland, Connecticut, presents a unique investment opportunity. The 9.5-acre parcel boasts two existing structures, offering significant flexibility for a variety of commercial uses. One building, measuring 864 square feet, previously served as a breakfast restaurant and could be easily repurposed for a cafe, retail space, or office. The second building, a substantial 2160 square feet, was formerly a veterinary hospital and is well-suited for medical offices, clinics, or other professional services. Alternatively, the site offers the potential for complete redevelopment, allowing for the construction of a new building tailored to specific needs. The large, level lot provides ample space for parking, expansion, or additional development. The property benefits from excellent visibility, with eastbound traffic exceeding 15,200 vehicles daily, according to the Department of Transportation. Its central Connecticut location ensures convenient access to major highways, making it easily accessible to customers and clients throughout the state. This property is ideally positioned for entrepreneurs and investors seeking a high-visibility location with significant development potential. The combination of existing buildings and expansive land provides a rare opportunity to establish a thriving commercial enterprise in a prime location.
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 Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Portland, CTPortland. Always verify with local authorities before improvements.
Costs & 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.