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    OFF-MARKET
    Auto shops

    64 Wheatley St, Killingly, CT 06239-2138

    1,800 SF 0.7 ac lot Built 1963
    Individually Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US15-0726141
    Property summary
    AI-generated overview

    This versatile 5,751 square foot commercial building, situated on a tranquil 0.7-acre lot at 64 Wheatley Street in Killingly, Connecticut, presents a unique investment opportunity. The property features five generously sized garage bays, each equipped with 10-12 foot high doors, ideal for a wide range of commercial applications. From automotive repair and maintenance to equipment storage or light manufacturing, the adaptable space caters to diverse business needs. An existing office space provides administrative functionality, while a substantial overhang offers significant expansion potential. This overhang could be easily enclosed to create additional workspace, accommodate larger equipment, or serve as a covered loading area. The property's location on a quiet street ensures a peaceful and productive work environment, while its ample size and flexible layout provide a strong foundation for a thriving business. The asking price for this exceptional property is $400,000. This represents a compelling opportunity to acquire a well-maintained commercial building with significant upside potential in a desirable location. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1963
    Construction FRAME
    Total area 1,800 SF
    Lot 0.7 ac (30,492 SF)
    Zoning code MD
    APN KILL M:176 B:115
    UPID US15-0726141
    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
    • Colonial Paving Inc General Contractor Construction Company
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Corey Morrison · 5 yrs held
    Corey Morrison
    since 2021
    4 recorded transactions
    2021
    2016
    2013
    2013
    $1
    Zoning & alternative use
    MD · Killingly, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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