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See Residential Alternate Use Concept 1054 Boston Post Rd

2,279 SF Office Building Guilford, CT 06437 £676,819 (£297/SF)

Investment Highlights

  • Historical design and construction
  • Well maintained utility systems and parking
  • Modern heating

Executive Summary

The subject property is a well-located office building on the Boston Post Road (US 1) in the town of Guilford, Connecticut. The building has been the home of Anderson Engineering, a civil engineering company for decades as a family owned and operated business. The property is one property west of the Church Street (CT Route 77) on the south side of Boston Post Road (US 1). The property is across from the CVS anchored shopping center and walking distance to the Bishops and the Guilford Town Green. The building is well suited for continued use as an office building or adaptive reuse into mixed-use including retail, residential and other uses. The future of the property is subject mainly to the parking count conformity. Limited change of use is available with parking approval over the counter per the Assistant Town Planner. Any substantive change of use would require a more involved application to the Town Planning and Zoning. The seller seeks to sell this property with the abutting property to the east, 1058 Boston Post Road, Guilford, CT, currently tenanted by Cinderella's Closet, a successful clothier consignment store that has been in business for 17 years and maintains a lease. Lease terms pending including term detail of Base Term and Option Terms. Sold Separately - 1054 Boston Post Road only (white) - $765,000 plus $100,000 subdivision premium or $865,000 or bundle with 1058 Boston Post Road (red) for a total of $1,100,000; Residential use may be permitted.

Taxes & Operating Expenses (Actual - 2024)

Annual Annual Per SF
Taxes £6,116 £2.68
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024)

Taxes
Annual £6,116
Annual Per SF £2.68
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £6,116
Annual Per SF £2.68

Property Facts

Sale Type
Owner User
Property Type
Office
Building Size
2,279 SF
Building Class
C
Year Built
1900
Price
£676,819
Price Per SF
£297
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,140 SF
Building FAR
0.14
Lot Size
0.37 AC
Zoning
PRB-1 zone - PRB-1 zone (Post Road Business) and the R-1 zone; Two parcels, One Sale (0.28-acres plus .09 acres=0.37 acres); Residential may be permitted
Parking
12 Spaces (5.27 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
GUIL-000000-000000-046025
Land Assessment
£147,883
Improvements Assessment
£88,456
Total Assessment
£236,339
Annual Taxes
£6,116 (£2.68/sf)
Tax Year
2024 Payable 2024
  • Listing ID: 32272584

  • Date on Market: 27/06/2024

  • Last Updated:

  • Address: 1054 Boston Post Rd, Guilford, CT 06437

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