124 Westcott Rd, Killingly, CT 06239
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
GC · Killingly, CTKillingly. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.