239 Main StKillingly, CT 06239

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

Investment properties

Property subtype

Live-work space

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.

• 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

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

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