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    192 Route 32 Franklin, CT 06254

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    For Sale
    $1,900,000

    Commercial property zoned for multiple applications, currently a car dealership.

    Lot size:
    2.30 Acres

    Property Features for 192 Route 32

    General Information

    Lot size
    2.30 Acres

    Building Details

    Year built
    1950

    Source: Drawbridge Realty Agent Jason Calouro

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Property on Route 32

    This commercial property, currently utilized as a car dealership, is zoned for commercial use and may be suitable for other applications.
    Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Building Supply Spa & Massage Auto Repair Shop Wholesale Shop Auto Parts Store Hair Salon Gym & Fitness Nail Salon Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    New London
    State
    Connecticut
    Longitude
    -72.130983
    Latitude
    41.588751

    Nearby Similar for Sale

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    • $950,000
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    FAQs

    What type of property is this?
    Specialty property - Commercial property zoned for multiple applications, currently a car dealership.
    Where is this specialty property located?
    The property is located at 192 Route 32 Franklin, CT.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Zoned commercial, offering diverse business opportunities.; - Currently utilized as a car dealership, demonstrating suitability for automotive sales.; - Potential for other applications beyond current use.
    (860) 300-6644
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    192 Route 32 Franklin, CT 06254
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    Franklin, CT 06254
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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
    192 Route 32 Franklin, CT 06254
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