530 Old Whitfield St Guilford, CT 06437-3441
- Office buildings
- 14,754 SF
- 4.60 lot acres
Dec 27, 2023
Current Use by Public Records
- LAM Therapeutics / Biotechnology Company
- Butterfly Network - Guilford / Medical Equipment Manufacturer
- The Rothberg Institute / Non-Profit Organization
Property Details for 530 Old Whitfield St
- Year built
- 1954
- Construction
- FRAME
- Lot size
- 4.60 lot acres
- Property size
- 14,754 SF
- Zone code
- C-2
- Property type
- Office buildings
- APN
- GUIL M:29104
- APU
- GUILM29104
Description
This exceptional 14,755 square foot commercial building presents a rare opportunity to own a premier waterfront property directly on Long Island Sound in the heart of Guilford, Connecticut. Boasting over 180-degree water views, this unique property offers enormous potential for a wide variety of uses. Currently configured as office/research space, it is ideally suited for corporate headquarters, a marine study school, marine sales and repair operations, a church, or conversion into residential condominiums. Its waterfront location allows for water-dependent uses as well. The 4.6-acre lot provides ample space for expansion or additional development. The property enjoys a highly convenient location, with easy access to train service, Yale University, and Bradley International Airport. It's also situated just 75 miles from New York City. This offering presents a compelling investment opportunity, and there is the possibility of acquiring the adjacent property at 506 Whitfield Street (MLS #24000296) to create a larger compound or small campus. The asking price for this remarkable waterfront asset is $9,750,000. This is a truly exceptional opportunity to acquire a significant piece of Guilford's waterfront real estate.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,909,000
- AI Estimate
- $1,772,000
Market price range: $1.20M - $2.33MMarket price range: $1.01M - $2.50M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,865,000 Current use
- RESTAURANT
- $2,155,000 Change: +16% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,660,000 Change: -11% Conversion: Easy
- RETAIL STORES
- $1,600,000 Change: -14% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $1,545,000 Change: -17% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Guilford
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.6631
- Latitude
- 41.2731
- CBSA code
- 35300
- CBSA name
- NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA