82 Meadow StLitchfield, CT 06759

Property Details for 82 Meadow St

Year built

1900

Construction

FRAME

Lot size

0.35 AC

Property size (Sq ft)

4,050 SF

Zone code

2

Property type

Investment properties

Property subtype

Live-work space

APN

LITC M:197 B:47E L:23

APU

LITCM197B47EL23

Description

This exceptional commercial property, located in the heart of Litchfield's Historic District at 82 Meadow Street, presents a unique investment opportunity. The 4,050 square foot building boasts six offices of varying sizes, currently under lease, providing immediate income potential. Five offices are conveniently situated on the ground floor, with a single office located on the second floor, offering flexibility for various business needs. Adding to its versatility, the property also includes a residential apartment spanning the second and third floors, presenting additional income streams or potential for owner occupancy. The property sits on a 0.35-acre lot, providing ample space and visibility within the bustling Litchfield center. The building's prime location within the historic district ensures high visibility and accessibility for businesses and residents alike. Detailed financial information regarding income and expenses is available upon request and execution of a Non-Disclosure Agreement. Owner financing options are available, making this an attractive proposition for a wide range of investors. This is a rare opportunity to acquire a well-established, income-generating property in a highly desirable location. Don't miss out on this chance to own a piece of Litchfield's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $669,586

  6.5%

  $618,079

  7%

  $573,931

• Comparable approach

  Method

  Valuation

  Relative Method

  $529,173

  Geo Method

  $529,173

• Alternative Use

  Use

  Valuation

  Residential

  $766,418

  Hospitality

  $702,035

  Educational

  $584,085

  Medical

  $604,173

  Retail

  $908,577

Location Insight

City

Litchfield

County

Litchfield

State

Connecticut

Latitude

41.7437

Longitude

-73.1914

CBSA code

45860

CBSA name

TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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