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Property profile

192 Ct-32 Franklin, CT 06254

OFF-MARKET
Retail properties & Spaces
4,940 SF 2.3 ac lot Built 1950
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Property summary

AI-generated overview

This exceptional commercial property, located at 192 Route 32 in Franklin, Connecticut, presents a unique investment opportunity. The 4,940 square foot building, constructed in 1950, sits on a 2.3-acre lot and is currently vacant. Previously used as a car dealership, the property's C-2 zoning allows for a variety of commercial uses. The asking price is $1,800,000, translating to $364.37 per square foot. The property comprises four buildings in total. An added benefit is an approved additional building lot, already cleared through the local planning and zoning board, per the seller. Utilities are readily available, with gas already connected to the street, and water and sewer lines planned for future connection. This property offers significant potential for redevelopment or continued use as an auto-related business, given its size, zoning, and location in Franklin, Connecticut (zip code 06254). The property's strategic location and versatile zoning make it an attractive prospect for a wide range of commercial ventures. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1950
Total area 4,940 SF
Lot 2.3 ac (100,188 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

192 Ct-32 Franklin, CT 06254
Franklin metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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