Sold
Last Sold Price
3,586 sqft
553 Portland-Cobalt Rd, Portland, CT 06480
Non-ResidentialProperty Type
1984Year Built
$143/sq ftPrice per sq ft

Description

FOR SALE: Modern office property with 3 professional tenants. Law office, dental practice and hair salon. Located in the heart of Portland on Route #66. Ample parking, large pond views. 9% cap rate on well maintained office investment property. Could be potential to add square footage on 1.74 acre lot. Fully tenanted. 1 tenant has 2 years left on lease; other 2 tenants’ leases run through August 31, 2025.FOR SALE: Modern office property with 3 professional tenants. Law office, dental practice and hair salon. Located in the heart of Portland on Route #66. Ample parking, large pond views. 9% cap rate on well maintained office investment property. Could be potential to add square footage on 1.74 acre lot. Fully tenanted. 1 tenant has 2 years left on lease; other 2 tenants’ leases run through August 31, 2025.
  • Listed by: Kristin T Geenty 203.488.1005 kris@geentygroup.com • Geenty Group REALTORS The
  • Listed by: Kevin C Geenty 203.507.7814 info@geentygroup.com • Geenty Group REALTORS The
Listing closed: 12/07/2021 12:00 AM • Source: SMARTMLS, MLS#: 170423321

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Location

Listing Courtesy of Geenty Group REALTORS The, Kristin T Geenty; Geenty Group REALTORS The, Kevin C Geenty

Sold By William Raveis Real Estate, Lori A Vogel

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Payment Calculator

$3,589 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,739

Property Taxes

$850

HOA Dues

$0

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Property Information for 553 Portland-Cobalt Road

Property Details
  • Taxes: $10,203 / year
  • Lot Size: 1.74 AC / 75,794 SF
  • Location: Suburban
  • Garage Parking Info: Parking Lot
Building Information
  • Stories: 2
  • Year Built: 1984
  • Lot Size: 1.74 AC / 75,794 SF
Summary
Property and Location
  • Directions: Route #66 or Portland Cobalt Road to #553.
  • Latitude: 41.5694
  • Longitude: -72.618294
  • State: Connecticut
Parking
  • Parking Total Spaces: 0
HOA and Fees
  • Tax Year: July 2020-June 2021
  • Property Tax: $10,203
Interior and Exterior Features
Exterior Features
  • Number of Docks: 0
  • Number of Overhead Doors: 0
Interior Features
  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Ceiling Height: 9.0
Property
Property and Assessments
  • Construction Description: Frame
  • Foundation Type: Concrete
  • Potential Use: Investment
  • Present Use: Investment
  • Road Frontage Approximate: 300
  • Road Frontage Description: Municipal Street
  • Roof: Asphalt Shingle
  • Sq Ft Source: Approximate
  • Year Built: 1984
  • Bank Owned Property: No
  • Sq Ft Office: 3586
Lot Information
  • Documents Available: Other
  • Lot Description: Dry, Level Lot
  • Parcel Number: 999999999
  • Sq Ft Total: 3586.0
  • Zoning: B-2
Utilities
  • Electric Amperage: 200
  • Electric Phases: 1
  • Electric Voltage: 110
  • Heat Fuel Type: Oil, Propane
  • Sewage System: Septic
  • Utilities Available: Electric
  • Water Source: Private Well
Multi Family
Building Details
  • Unit Count: 0
  • Number of Stories: 2
  • Number of Tenants: 3

Property History for 553 Portland-Cobalt Road

DateEvent & SourcePriceAppreciation
Dec 6, 2021

Closed (Public Record)

Public Record #1479447720

$513,000—
DateEvent & SourcePrice
12/06/2021

Closed (Public Record)

Public Record #1479447720

$513,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 553 Portland-Cobalt Road

Taxable ValueLand$127,330Additions$161,070Total$288,400
Tax Record2024$10,181 ($848 / month)
Home Facts
Baths2Total Finished SqFt5,165 SqFtAbove Grade Finished SqFt5,165 SqFtUnfinished Basement SqFt1,597 SqFtStories2Lot Size75,794 SqFtStyleOffice BuildingYear Built1984Year Renovated1984ZoningB2CountyLOWER CONNECTICUT RIVERAPNPORT M:021 B:0033

Schools near 553 Portland-Cobalt Road

This home is within Portland School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 2 to 4
Public - 5 to 6
Public - 7 to 8
Rating
School
Distance
Valley View School
PublicPK to 1

Gildersleeve School
Public2 to 4

Brownstone Intermediate School
Public5 to 6

Portland Middle School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Geenty Group REALTORS The, Kristin T Geenty; Geenty Group REALTORS The, Kevin C Geenty

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.