79 Commerce AveKillingly, CT 06239

Property Details for 79 Commerce Ave

Year built

1920

Construction

FRAME

Lot size

0.94 AC

Property size (Sq ft)

12,500 SF

Zone code

I

Property type

Other commercial real estate

Property subtype

Showrooms

APN

KILL M:181 B:15

APU

KILLM181B15

Description

This exceptional mixed-use property at 79 Commerce Ave, Danielson, CT, presents a unique investment opportunity. Boasting 8700 square feet and a coveted waterfront location with 350 feet of frontage, this property offers unparalleled versatility. Currently zoned for mixed-use, it presents significant potential for both commercial and residential development. The approved zoning change opens doors to a variety of uses, allowing for creative and lucrative business ventures. Situated in the heart of Danielson, Connecticut, this strategically positioned property benefits from excellent visibility and accessibility. The asking price is $425,000. The substantial size and prime waterfront location make this an ideal investment for those seeking a high-return property with significant upside. Don't miss this chance to acquire a property with such remarkable potential in a thriving Connecticut town. The property's address is 79 Commerce Ave, Danielson, CT 06239. Its latitude and longitude coordinates are 41.8075996, -71.8846018 respectively. This is a rare opportunity to own a significant piece of Danielson's commercial waterfront.

• CAP approach

  CAP return

  Valuation

  6%

  $3,037,936

  6.5%

  $2,804,249

  7%

  $2,603,946

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,115,790

  Geo Method

  $4,115,790

• Alternative Use

  Use

  Valuation

  Residential

  $2,365,489

  Hospitality

  $2,166,775

  Educational

  $1,802,732

  Medical

  $1,864,730

  Retail

  $2,804,249

Location Insight

City

Killingly

County

Windham

State

Connecticut

Latitude

41.808

Longitude

-71.8847

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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