553 Portland-Cobalt Rd

Beds
Baths
3,586 Sq. Ft.
$143 / Sq. Ft.
3,586
Sq. Ft.
$143
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.
  1. Listed by Kristin T Geenty • Geenty Group REALTORS The
    P: (203)-488-1005 kris@geentygroup.com
  2. Listed by Kevin C Geenty • Geenty Group REALTORS The
    P: (203)-507-7814 C: (203)-507-7814 info@geentygroup.com

Property Details for 553 Portland-Cobalt Road

Location
Suburban
Neighborhood
N/A
Garage Parking Info
Parking Lot
LISTING CLOSED: 12/07/2021 12:00 AM

Property Details for 553 Portland-Cobalt Road

StatusClosed
MLS #170423321
Days on Market106
Taxes$10,203 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeNon-Residential
MLS Type-
Year Built1984
Lot Size1.74 AC / 75,794 SF
CountyMiddlesex County

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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Building Information for 553 Portland-Cobalt Road

Stories2Residences-Year Built1984Lot Size1.74 AC / 75,794 SF

Payment Calculator

$3,458 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,608

Property Taxes

$850

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 553 Portland-Cobalt Road

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

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.