134 Main StKillingly, CT 06239

Property Details for 134 Main St

Year built

1900

Construction

FRAME

Lot size

0.20 AC

Property size (Sq ft)

22,534 SF

Zone code

CBD

Property type

Retail space

APN

KILL M:198 B:135

APU

KILLM198B135

Description

This exceptional three-story commercial building, located at 134 Main Street in the heart of Downtown Danielson, Killingly, CT, presents a unique investment opportunity. Spanning 15,096 square feet on a 0.2-acre lot, the property boasts a completely renovated interior and exterior, completed in 1999. All major systems, including plumbing, heating, and electrical, have been replaced, ensuring modern functionality and efficiency. A comprehensive double sprinkler system safeguards all three floors, complemented by a central alarm system for enhanced security. Currently, the building enjoys strong occupancy, with four tenants on the first floor and two on the second. The third floor is partially finished, offering significant untapped potential for additional rental income, which is not reflected in the current asking price of $1,150,000. An elevator provides convenient access to all three floors, plus a basement level. Ample municipal parking, owned and maintained by the Town of Killingly, is readily available for tenants and customers. This property offers a blend of immediate income generation and substantial future growth potential, making it an attractive investment in a thriving downtown area.

• CAP approach

  CAP return

  Valuation

  6%

  $5,476,548

  6.5%

  $5,055,276

  7%

  $4,694,184

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,419,617

  Geo Method

  $7,419,617

• Alternative Use

  Use

  Valuation

  Residential

  $4,264,314

  Hospitality

  $3,906,089

  Educational

  $3,249,820

  Medical

  $3,361,586

  Retail

  $5,055,276

Location Insight

City

Killingly

County

Windham

State

Connecticut

Latitude

41.805

Longitude

-71.8835

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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