108 Lake StWinsted, CT 06098

Property Details for 108 Lake St

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.78 AC

Property size (Sq ft)

27,570 SF

Zone code

HLB

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

WINC M:114 B:087 L:25 U:25A&27

APU

WINCM114B087L25U25A27

Description

This exceptional commercial development opportunity in Winchester, CT, presents a unique chance to acquire a substantial 1.78-acre property encompassing a significant 55,880 square feet of buildable space. The property is strategically located, offering convenient access to transportation networks, educational institutions, healthcare facilities, and entertainment venues. The site's versatility allows for a wide range of development possibilities, catering to diverse commercial needs. The existing structure, while not detailed in the provided information, contributes to the overall potential of the site. Included in this offering is an additional parcel located at 125 Ridge Street, further enhancing the scope of this project. Multiple conceptual plans are available for review, providing a solid foundation for potential developers to explore various development scenarios. This property is ideally suited for those seeking a large-scale commercial undertaking in a thriving Connecticut community. The combination of size, location, and the inclusion of the additional parcel at 125 Ridge Street makes this a truly exceptional opportunity for significant commercial growth and development. Detailed information and conceptual plans are available upon request. Don't miss this chance to shape the future of Winchester's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $4,455,586

  6.5%

  $4,112,849

  7%

  $3,819,074

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,142,641

  Geo Method

  $4,142,641

• Alternative Use

  Use

  Valuation

  Residential

  $5,217,322

  Hospitality

  $4,779,039

  Educational

  $3,976,104

  Medical

  $4,112,849

  Retail

  $6,185,052

Location Insight

City

Winsted

County

Litchfield

State

Connecticut

Latitude

41.9196

Longitude

-73.0777

CBSA code

45860

CBSA name

TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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