66 Killingworth Rd Higganum, CT 06441-4241
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.
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The Truck Bar – Higganum, CT Bar & Pub
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HK Health and Fitness Gym & Fitness Center
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SQUARE PEG PIZZERIA HIGGANUM Restaurant
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HK Fitness Gym & Fitness Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
R-1 · Higganum, CTCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.