249 Route 81 Killingworth, CT 06419
This exceptional 4,800 square foot property, situated on a 2.25-acre lot at 249 Route 81 in the heart of Old Killingworth, CT, presents a unique investment opportunity. The historic Killingworth Inn & Cafe boasts a rich history, having served as a single-family home, inn, hotel, bed and breakfast, and tavern/restaurant. Its versatile past speaks to its adaptable nature and potential for a variety of future uses. The property enjoys a prime commercial location with high visibility and significant traffic count, ensuring excellent exposure for any business. Its convenient location offers easy access to the Long Island Sound beaches and Chatfield Hollow State Park, adding to its appeal and attracting a diverse clientele. The substantial building size provides ample space for various commercial ventures, while the expansive lot offers ample parking and potential for outdoor expansion. This property is ideally suited for an entrepreneur seeking a well-established location with significant historical charm and high commercial potential. The combination of its versatile history, prime location, and substantial size makes this a truly remarkable opportunity in the desirable Killingworth, CT market. The property is offered at $899,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
4 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.