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    OFF-MARKET
    Retail properties & Spaces

    192 Ct-32, Franklin, CT 06254

    4,940 SF 2.3 ac lot Built 1950
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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