2 Lake StWinsted, CT 06098
- Retail properties
- 5,220 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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