21 Furnace St Killingly, CT 06239
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High-yield retail storefront, prime location
Property size:
4,150 SFProperty Features for 21 Furnace St
General Information
- Property type
- Individual retail properties
- Square Feet
- 4,150 SF
- Class
- A
- Lot Size
- 2,614 SF
Building Details
- Year Built/Renovated
- 1900/2011
- Stories
- 2
- Units
- 2
Listing Agency: Group Realty Listing Agent: Zach Pranger
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Class A, 4,150 square foot retail storefront at 21 Furnace Street in Killingly, CT, presents a compelling owner-user opportunity. Currently boasting 100% occupancy with two tenants, the property generates a strong NOI of $33,289, representing a 5.55% cap rate. However, with below-market rents and upcoming lease renewals in February 2025, a significant pro-forma NOI of $73,889 and a 12.31% cap rate are projected. Built in 1900 and renovated in 2011, this two-story building features stunning woodwork, 16-foot ceilings, new windows, and a unique design, making it one of the most recognizable commercial properties in Connecticut. The property includes a large reception area, front, side, and rear entrances, a private loft office, and a full bathroom. Conveniently located in the heart of downtown Danielson's Central Business District (CBD), it benefits from high year-round vehicle and pedestrian traffic and ample free public parking (70+ spaces). The 0.06-acre lot offers significant potential for a variety of uses, including a dispensary, liquor store, restaurant, coffee shop, or specialty store. The asking price is $600,000. The upper level (2,280 sq ft) is available for lease.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
CNA Bootcamp of CT
Vocational School
Location Insight
- Map
- Local Demand
- City
- Killingly
- County
- Windham
- State
- Connecticut
- Longitude
- -71.8839302
- Latitude
- 41.8041617
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FAQs
What type of property is this?
Individual retail property - High-yield retail storefront, prime location
Where is this individual retail property located?
The property is located at 21 Furnace St Killingly, CT.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,280 SF of space available for lease on the top floor in downtown Danielson at 21 Furnace Street.; Owner-user opportunity with immediate cash flow from the lower level's existing tenants.; Low operating costs due to gas-fueled central air and a low mill rate.
