21 Furnace StKillingly, CT 06239

  • Retail properties
  • 3,930 SF
For Sale
$600,000 View listing

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
21 Furnace St, Killingly, Connecticut

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,430
$15,680
$60,060
$75,740
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-
-
-

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