21 Furnace StKillingly, CT 06239
- Retail properties
- 3,930 SF
Property Details for 21 Furnace St
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.06 AC
- Property size (Sq ft)
- 3,930 SF
- Zone code
- CBD
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- KILL M:198 B:144
- APU
- KILLM198B144
Description
This exceptional 2,280 square foot retail space is located in a beautifully renovated (2011) 4,150 square foot building in the heart of downtown Danielson, CT. Built in 1900, this iconic structure boasts unique architectural details, including beautiful woodwork and a charming design, making it one of Connecticut's most recognizable commercial properties. The space features a large reception area, front, side, and rear entrances, a private loft office, a cleverly concealed maintenance closet, and a full bathroom with a shower. Benefit from easy access to ample free public parking (70+ spaces) and extremely high year-round vehicle and foot traffic. Currently, there are tenants in place at below-market rents with upcoming lease renewals, offering an owner-occupant the potential for significant rental income to offset expenses. The central business district (CBD) zoning allows for a variety of uses, including but not limited to a dispensary, liquor store, restaurant, coffee shop, or specialty store. The entire building is also available for purchase. This is a truly unique opportunity to own or lease a piece of Connecticut history in a thriving downtown location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $955,127
- 6.5%
- $881,656
- 7%
- $818,680
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,294,004
- Geo Method
- $1,294,004
-
Alternative Use
- Use
- Valuation
- Residential
- $743,710
- Hospitality
- $681,234
- Educational
- $566,779
- Medical
- $586,271
- Retail
- $881,656
Location Insight
- City
- Killingly
- County
- Windham
- State
- Connecticut
- Latitude
- 41.8041
- Longitude
- -71.8839
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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