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    Investment properties

    124 Westcott Rd, Killingly, CT 06239

    0.97 ac lot
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US15-1189878
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 124 Westcott Road in Killingly, Connecticut, presents a unique investment opportunity. Boasting a total of 4,592 square feet on a 0.97-acre lot, this property offers significant versatility and high visibility. Strategically situated with frontage on Westcott Road, Sprague Street, and Sterns Street, and conveniently located west of I-395 Exit 38 off-ramp, this location ensures excellent accessibility and exposure to a high volume of traffic. The property is zoned General Commercial, allowing for a wide range of potential uses. The existing structure is a split-level commercial building, with each of the two levels comprising 1400 square feet. Currently, all four units within the building are occupied, providing immediate rental income potential. Ample parking is available on-site. Furthermore, the property includes a two-unit residential home located at the rear, adding to its overall value and potential income streams. A significant advantage is the possibility of subdividing a commercial lot on the east side of the property, creating additional development opportunities. This property is priced at $529,900 and represents a compelling investment in a thriving commercial area. The combination of location, size, existing occupancy, and development potential makes this a truly remarkable opportunity.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Lot 0.97 ac (42,253 SF)
    Zoning code GC
    APN KILL M:182 B:35
    UPID US15-1189878
    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
    • Mariah Lee Photography (Bike/Boat/Book/etc) Store Photography Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    CONSTANCE A NASH
    CONSTANCE A NASH
    Zoning & alternative use
    GC · Killingly, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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