115 Willow StWinchester, CT 06098

Property Details for 115 Willow St

Year built

1976

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.10 AC

Property size (Sq ft)

264 SF

Zone code

TC

Property type

Retail properties

Property subtype

Other retail properties

APN

WINC M:111 B:070 L:024C

APU

WINCM111B070L024C

Description

This 780-square-foot commercial property at 115 Willow Street in Winchester, CT, presents a remarkable opportunity for a variety of businesses. Situated on a 0.1-acre lot in downtown Winsted, the building enjoys exceptional visibility from Main Street, benefiting from significant daily traffic flow. Currently configured as a monument company, the well-maintained structure offers a blend of office and garage space, providing flexibility for diverse uses. Potential occupants could include auto-related services (detailing, repair, tire sales), contractors (plumbing, electrical, HVAC), retail or showroom businesses (home improvement, specialty goods), professional offices (real estate, insurance, accounting), health and wellness providers (physical therapy, chiropractic), creative enterprises (studios, photography, design), or food service establishments (pet salon, takeout – burgers, hot dogs, tacos, ice cream). The property's location ensures easy access to local amenities and offers strong potential for customer engagement and advertising. This is a chance to establish or expand your business in a thriving community with a professional and well-maintained building. The asking price is $165,000.

• CAP approach

  CAP return

  Valuation

  6%

  $64,161

  6.5%

  $59,226

  7%

  $54,995

• Comparable approach

  Method

  Valuation

  Relative Method

  $86,925

  Geo Method

  $86,925

• Alternative Use

  Use

  Valuation

  Residential

  $49,959

  Hospitality

  $45,762

  Educational

  $38,074

  Medical

  $39,383

  Retail

  $59,226

Location Insight

City

Winsted

County

Litchfield

State

Connecticut

Latitude

41.9208

Longitude

-73.0676

CBSA code

45860

CBSA name

TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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