66 Killingworth Rd Higganum, CT 06441-4241
- Industrial properties
- 11,090 SF
- 1.00 lot acres
Current Use by Public Records
- The Truck Bar – Higganum, CT / Bar
- HK Health and Fitness / Gym
- SQUARE PEG PIZZERIA HIGGANUM / Pizza Restaurant / Brunch Restaurant
- HK Fitness / Gym
Property Details for 66 Killingworth Rd
- Year built
- 1920
- Construction
- STEEL FRAME
- Lot size
- 1.00 lot acres
- Property size
- 11,090 SF
- Zone code
- R-1
- Property type
- Industrial properties
- APN
- HADD M:14 B:029 L:1
- APU
- HADDM14B029L1
Description
This exceptional 11,000 square foot flex space property in Haddam, Connecticut, presents a lucrative investment opportunity. Located at 66 Killingworth Rd, 06441, this property boasts a prime location directly across from a scenic reservoir, offering stunning water views. The building is comprised of two distinct sections. The front 3,200 square feet is currently leased to a fitness center with a full kitchen and two bathrooms, generating $3,200 in monthly rent. The lease extends to November 2024, with the tenant actively pursuing renewal. The rear 8,000+ square foot section is a steel building featuring two roll-up garage doors, a loading dock, and impressive 20-foot ceilings. This area is currently leased to a bar, included in the sale, which benefits from a unique rental agreement based on a percentage of sales from a popular food brand. The property also includes ample parking with 32 spaces and sits on over two acres of land. This versatile property offers immediate income generation and significant potential for future development, making it an ideal investment for discerning buyers. The asking price is $1,200,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,060,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $790,000
- 6.5%
- $785,000
- 7%
- $785,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $690,000
- Geo Method
- $795,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $760,000
- Retail
- $885,000
- Mixed-Use
- $720,000
- Hospitality
- $725,000
- Educational
- $765,000
- Residential Income
- $670,000
- Energy
- $865,000
- Income-Based Land
- $720,000
- Food Service
- $645,000
Location Insight
- Map
- Local Demand
- City
- Higganum
- County
- Middlesex
- State
- Connecticut
- Longitude
- -72.5576
- Latitude
- 41.4924
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
