2 Lake StWinsted, CT 06098

  • Retail properties
  • 5,220 SF
For Sale
$750,000 View listing

Property Details for 2 Lake St

Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.47 AC
Property size (Sq ft)
5,220 SF
Zone code
HLB
Property type
Retail properties
Property subtype
Other retail properties
APN
WINC M:114 B:083 L:001F
APU
WINCM114B083L001F

Description

This exceptional commercial property, situated at 2 East Lake Street in Winsted, Connecticut, presents a unique investment opportunity. The 5,220 square foot lot is ideally located in the highly sought-after Highland Lake Business Zone, directly across from Resha Beach. Its strategic position offers unparalleled visibility and accessibility. The property's versatility makes it suitable for a wide range of commercial ventures, including retail establishments, restaurants, breweries, or other similar businesses. The presence of three overhead doors adds significant operational flexibility. The property's zoning allows for a variety of uses, making it an attractive prospect for entrepreneurs and investors alike. This is a rare chance to acquire a substantial commercial parcel in a thriving Connecticut community, offering significant potential for growth and return on investment. The asking price for this exceptional property is $750,000. The property is located in Northwest Hills County, Connecticut, zip code 06098. The address is 2 East Lake St, Winsted, CT.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,268,642
    6.5%
    $1,171,054
    7%
    $1,087,408
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,718,754
    Geo Method
    $1,718,754
  • Alternative Use

    Use
    Valuation
    Residential
    $987,828
    Hospitality
    $904,845
    Educational
    $752,821
    Medical
    $778,711
    Retail
    $1,171,054
2 Lake St, Winsted, Connecticut

Location Insight

City
Winsted
County
Litchfield
State
Connecticut
Latitude
41.9158
Longitude
-73.0772
CBSA code
45860
CBSA name
TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,794
$51,450
$130,200
$181,650
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