1260 Hartford Pike Killingly, CT 06241
- Investment properties
- 1.08 lot acres
Current Use by Public Records
- Intoxalock Ignition Interlock / Auto Electrical Service / Car Inspection Station
Property Details for 1260 Hartford Pike
- Year built
- 1900
- Lot size
- 1.08 lot acres
- Zone code
- VC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- KILL M:101 B:9
- APU
- KILLM101B9
Description
This exceptional Killingly, CT property offers a unique blend of residential and commercial space, spanning 3,480 square feet on a 1.08-acre lot. The property features a spacious three-bedroom, one-and-a-half-bathroom home, providing comfortable living quarters. Oil heat ensures year-round warmth and comfort within the residence. The attached commercial space presents significant potential, boasting three bay doors equipped with lifts – ideal for an auto repair shop or similar business. An existing office space is included, along with alignment and tire machines, which are available as part of the sale. Discussions regarding current loan arrangements can be facilitated. The heated shop area, utilizing gas heating, offers year-round operational comfort. A comprehensive suite of tools and machines is included, providing a ready-to-use setup for a new or existing business. The established business name is also available for transfer, offering immediate brand recognition and a head start in the market. The property's location provides convenient access to local amenities and major highways. Owner financing may be considered, making this income-generating opportunity even more accessible. This versatile property presents a rare chance to combine the convenience of living and working in one location, maximizing both residential comfort and business potential. The expansive lot offers ample room for future expansion or outdoor activities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $430,000
- 6.5%
- $415,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $425,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $400,000
- Mixed-Use
- $405,000
- Hospitality
- $445,000
- Educational
- $390,000
- Residential Income
- $405,000
- Energy
- $395,000
- Income-Based Land
- $380,000
- Food Service
- $450,000
Location Insight
- Map
- Local Demand
- City
- Killingly
- County
- Windham
- State
- Connecticut
- Longitude
- -71.8285
- Latitude
- 41.8465
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
