For Sale
$1,300,000

257 Main StTorrington, CT 06790

High-Yield Creative Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 7,283 sq ft, two-story creative office building in downtown Torrington, CT, presents a compelling value-add investment opportunity. Boasting a 7.80% cap rate and 100% occupancy across 16 units, the property enjoys an extremely high-traffic location (16,000 VPD) with excellent visibility near City Hall. A comprehensive 2024 renovation eliminated deferred maintenance, including a new roof, HVAC systems, flooring, LED lighting, energy-efficient windows, and upgraded security systems. The building features city water/sewer and gas. Currently leased to a diverse tenant mix (lawyers, healthcare professionals, etc.), this property offers significant value-add potential through lease adjustments and potential rooftop development. Its prime location near Charlotte Hungerford Hospital and the Litchfield County Courthouse ensures strong tenant demand. The low operating costs and stable income stream make this an ideal investment for passive income generation with minimal landlord responsibilities. The property is zoned DD and sits on a highly visible corner lot with ample private parking. Built in 1955, this Class B multi-tenant building offers a rare combination of strong cash flow and future upside.

Highlights

  • 7,283 sq ft, two-story creative office building in downtown Torrington, CT, offering a 7.80% cap rate and 100% occupancy.
  • High-traffic corner lot (16,000 VPD) with excellent visibility near City Hall.
  • Completely renovated in 2024, eliminating deferred maintenance (new roof, HVAC, flooring, LED lighting, windows, security systems).
  • 100% leased to a diverse tenant mix (legal, healthcare) with value-add potential through lease adjustments and potential rooftop development.
  • Prime location near Charlotte Hungerford Hospital and Litchfield County Courthouse, offering strong tenant demand and minimal landlord responsibilities.

Property Details for 257 Main St

Property type
Office properties, Office space
Square Feet
7,283 SF
Class
B
Year Built/Renovated
1955/2024
Buildings
1
Stories
2
Units
16

Location Insight

City
Torrington
County
Litchfield
State
Connecticut
Latitude
41.805722170463
Longitude
-73.121285215299
257 Main St, Torrington, Connecticut

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257 Main St
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