134 Main StKillingly, CT 06239

  • Retail properties
  • 22,534 SF
For Sale
$1,150,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
134 Main St, Killingly, Connecticut

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

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
$14,986
$19,600
$447,440
$467,040
-
-
-
-

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