Investment Opportunity

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30356565
Property Subtypes: Mixed Use, Street Retail
Status: Pending/Contingent
Building Size (RSF): 8,561 SF
Gross Land Area: 0.36 Acres
Sale Price: $1,395,000
Unit Price: $162.95 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 8,561 SF
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 2/13/2019

Overview / Comments

This Second Empire French Victorian front building was built in 1872 by
William Weld for Henry Hale and has 3 floors:
2,100 sq.ft. 1st floor commercial space
1,938 sq ft 2nd floor with 2 Bedroom, 1 3/4 baths Apartment
968 sq ft 3rd floor with 1 Bedroom, 1 bath Apartment
Full basement with newer gas boilers
Gallery Barn, in the rear, was built in 1900 and has 2 floors:
1960 sq ft 1st floor operated as an art gallery 1977-2016. Main room is concrete slab, painted and carpeted. This floor includes an office with a guest room. A 2012 addition has “pegged” ashwood flooring.
2nd floor was upgraded in 2007 and includes kitchen, bath, laundry, hardwood floors and custom closets as well as a 200 sq. ft. screened porch, overlooking the private courtyard.

Attachments & Media

Additional Details

Nearest MSA: New Haven-Milford
County: New Haven
Tax ID/APN: 039098
Zoning: CD
Retail Clientele: General, Family, Business, Tourist
Property Visibility: Excellent
Highway Access: Minutes to I-95
Site Description: Prime location on the Guilford Green, deep level lot.
Area Description: Charming New England town, close to beaches.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 3
Property Condition: Excellent
Year Built: 1871
Year Renovated: 2008
Construction/Siding: Wood Frame
Total Parking Spaces: 5
Parking Type: Surface
Parking Description: Some off-street and plenty of on street parking
Heat Type: Natural Gas
Heat Source: Baseboard
Air Conditioning: Package Unit, Window Unit
Internet Access: Cable
Interior Description: Retail and residential units are in very good condition.
Zoning Description: Broad business zone
Water Service: Municipal
Sewer Type: Septic
Easements: Other
Easements Description: CLB

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,046 16,385 38,631
Median Age: 47.99 47.75 47.2
Households: 964 6,544 15,299

Contact

Photograph of Listing Agent

Stephen Press, SIOR

Press/Cuozzo Commercial Services
CTCList Member
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