2 Lake StWinsted, CT 06098

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

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.

• 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

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

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