For Sale
$1,300,000
257 Main St Torrington, CT 06790
High-Yield Creative Office Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
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
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - High-Yield Creative Office Investment
- Where is the office property located?
- The property is located at 257 Main St Torrington, CT.
- What is the asking price?
- The asking price for this property is $1,300,000.
- What are key features of this property?
- This property features: 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).
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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