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    124 Westcott Rd Killingly, CT 06239

    Sponsored
    For Sale
    $529,900

    Prime Commercial Space, Multi-Use Potential

    Property size:
    4,592 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 124 Westcott Road in Killingly, Connecticut, presents a unique investment opportunity. Boasting a total of 4,592 square feet on a 0.97-acre lot, this property offers significant versatility and high visibility. Strategically situated with frontage on Westcott Road, Sprague Street, and Sterns Street, and conveniently located west of I-395 Exit 38 off-ramp, this location ensures excellent accessibility and exposure to a high volume of traffic. The property is zoned General Commercial, allowing for a wide range of potential uses. The existing structure is a split-level commercial building, with each of the two levels comprising 1400 square feet. Currently, all four units within the building are occupied, providing immediate rental income potential. Ample parking is available on-site. Furthermore, the property includes a two-unit residential home located at the rear, adding to its overall value and potential income streams. A significant advantage is the possibility of subdividing a commercial lot on the east side of the property, creating additional development opportunities. This property is priced at $529,900 and represents a compelling investment in a thriving commercial area. The combination of location, size, existing occupancy, and development potential makes this a truly remarkable opportunity.

    Property Features for 124 Westcott Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,592 SF
    Lot Size
    42,253 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Mariah Lee Photography Photography Studio

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Killingly
    County
    Windham
    State
    Connecticut
    Longitude
    -71.87355
    Latitude
    41.80972

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Space, Multi-Use Potential
    Where is this commercial real estate located?
    The property is located at 124 Westcott Rd Killingly, CT.
    What is the asking price?
    The asking price for this property is $529,900.
    (860) 928-7991
    Request Owner's contact information
    124 Westcott Rd Killingly, CT 06239
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    Killingly, CT 06239
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    124 Westcott Rd Killingly, CT 06239
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