239 Main StKillingly, CT 06239

  • Mixed-use properties
  • 4,599 SF
For Sale
$415,000 View listing

Property Details for 239 Main St

Year built
1820
Construction
FRAME
Lot size
0.17 AC
Property size (Sq ft)
4,599 SF
Zone code
BRHD
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
KILL M:181 B:129
APU
KILLM181B129

Description

This beautifully remodeled antique commercial mixed-use building at 239 Main Street, Killingly, CT, presents a unique investment or business opportunity. Priced at $415,000, this property boasts a prime location near the vibrant downtown area, offering easy access to major highways, local amenities such as the library, parks, restaurants, and shopping centers. The building's versatile layout includes a cozy one-bedroom apartment at the rear, ideal for owner occupancy or rental income. The front portion is currently configured for office or commercial use, spanning both the first and second floors. The building has undergone a significant renovation, featuring brand new flooring, updated electrical systems, modern plumbing, a new heating system, and energy-efficient replacement windows. This comprehensive renovation ensures a move-in ready condition, minimizing upfront costs for the new owner. With the appropriate town approvals, there's potential to reconfigure some of the existing space to create an additional residential unit, mirroring a previous two-apartment configuration. This flexibility makes the property exceptionally adaptable to a wide range of uses, catering to both commercial and residential needs. The combination of historical charm, modern updates, and a desirable location makes this a truly exceptional opportunity. Don't miss the chance to own a piece of Killingly's history.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $760,352
    6.5%
    $701,863
    7%
    $651,730
  • Comparable approach

    Method
    Valuation
    Relative Method
    $600,905
    Geo Method
    $600,905
  • Alternative Use

    Use
    Valuation
    Residential
    $870,311
    Hospitality
    $797,200
    Educational
    $663,261
    Medical
    $686,072
    Retail
    $1,031,739
239 Main St, Killingly, Connecticut

Location Insight

City
Killingly
County
Windham
State
Connecticut
Latitude
41.8076
Longitude
-71.8813
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
$3,729
$32,760
$83,440
$116,200
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-
-
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