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Property profile & analytics
FOR SALE
Retail space

51 Mill Rd Guilford, CT 06437

1,200 SF 0.08 ac lot Built 1985
Individually Owned 35-yr Hold ~ Est. High Equity
Property ID
US15-0395749
Property summary
AI-generated overview

This unique 2,400 square foot commercial property at 51 Mill Road in Guilford, CT, presents a rare opportunity to own a piece of history. Situated on a 0.08-acre lot alongside the picturesque Millpond, the building currently houses a thriving tile shop with a spacious 1200 square foot showroom. The showroom offers captivating views and includes a comfortable office space and a convenient bathroom. A full basement provides significant potential for expansion, offering additional showroom space or the possibility of creating entirely new business areas. The gentle flow of the West River beneath the building creates a unique and tranquil atmosphere. The property's versatility allows for a variety of uses, from continuing the existing tile business to establishing an art gallery, professional office, or other suitable commercial venture. The building's prime location and historical charm combine to offer a truly exceptional investment opportunity in the heart of Guilford. The asking price is $395,000. This property offers a blend of established business and significant expansion potential, making it an ideal investment for a discerning buyer. The building's character and location are unparalleled, providing a unique and attractive setting for any business.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Construction FRAME
Total area 1,200 SF
Lot 0.08 ac (3,485 SF)
Zoning code R-1
APN GUIL M:46064
UPID US15-0395749
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
  • Tile Shop General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k
Owner & transaction history
Mark Deangelis · 35 yrs held
Mark Deangelis
since 1991
5 recorded transactions
1995
Price N/A
1994
Price N/A
1991
Price N/A
1991
$79,000
1989
Price N/A
Zoning & alternative use
R-1 · Guilford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name Residential 1 District
General category RESIDENTIAL
Zone area 284.56 ac
Source Realmo
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