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Property profile & analytics
FOR SALE
Retail space

134 Main St Killingly, CT 06239

22,534 SF 0.2 ac lot Built 1900
Individually Owned 11-yr Hold ~ Est. High Equity
Property ID
US15-0057095
Property summary
AI-generated overview

This exceptional three-story commercial building, located at 134 Main Street in the heart of Downtown Danielson, Killingly, CT, presents a unique investment opportunity. Spanning 15,096 square feet on a 0.2-acre lot, the property boasts a completely renovated interior and exterior, completed in 1999. All major systems, including plumbing, heating, and electrical, have been replaced, ensuring modern functionality and efficiency. A comprehensive double sprinkler system safeguards all three floors, complemented by a central alarm system for enhanced security. Currently, the building enjoys strong occupancy, with four tenants on the first floor and two on the second. The third floor is partially finished, offering significant untapped potential for additional rental income, which is not reflected in the current asking price of $1,150,000. An elevator provides convenient access to all three floors, plus a basement level. Ample municipal parking, owned and maintained by the Town of Killingly, is readily available for tenants and customers. This property offers a blend of immediate income generation and substantial future growth potential, making it an attractive investment in a thriving downtown area.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction FRAME
Total area 22,534 SF
Lot 0.2 ac (8,712 SF)
Zoning code CBD
APN KILL M:198 B:135
UPID US15-0057095
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
$645k
Blend (final) Blend
$585k
Owner & transaction history
Jesse Schumacher · 11 yrs held
Jesse Schumacher
since 2015
7 recorded transactions
2016
Price N/A
2015
$53,000
2008
Price N/A
2005
$775,000
1999
Price N/A
1999
Price N/A
1998
Price N/A
Zoning & alternative use
CBD · Killingly, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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