21 Furnace St Killingly, CT 06239

This exceptional Class A, 4,150 square foot retail storefront at 21 Furnace Street in Killingly, CT, presents a compelling owner-user opportunity. Currently boasting 100% occupancy with two tenants, the property generates a strong NOI of $33,289, representing a 5.55% cap rate. However, with below-market rents and upcoming lease renewals in February 2025, a significant pro-forma NOI of $73,889 and a 12.31% cap rate are projected. Built in 1900 and renovated in 2011, this two-story building features stunning woodwork, 16-foot ceilings, new windows, and a unique design, making it one of the most recognizable commercial properties in Connecticut. The property includes a large reception area, front, side, and rear entrances, a private loft office, and a full bathroom. Conveniently located in the heart of downtown Danielson's Central Business District (CBD), it benefits from high year-round vehicle and pedestrian traffic and ample free public parking (70+ spaces). The 0.06-acre lot offers significant potential for a variety of uses, including a dispensary, liquor store, restaurant, coffee shop, or specialty store. The asking price is $600,000. The upper level (2,280 sq ft) is available for lease.