21 Furnace StKillingly, CT 06239

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 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.

• 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

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