16 Bird StTorrington, CT 06790

Property Details for 16 Bird St

Year built

1990

Construction

FRAME

Lot size

0.47 AC

Property size (Sq ft)

6,710 SF

Zone code

LB

Property type

Office buildings

APN

TORR M:125 B:014 L:006

APU

TORRM125B014L006

Description

This exceptional commercial property, located at 16 Bird St, Torrington, CT 06790, presents a unique investment opportunity. The 6,710 square foot building, constructed in 1990 and renovated in 2014, sits on a substantial 21,254 square foot lot. Classified as a Class B property, it features four units within a two-story building. The asking price is $780,000, translating to $116.24 per square foot. The property boasts a highly visible corner location at the intersection of East Main Street and Bird Street, directly across from "The Glass Building," ensuring significant traffic exposure and excellent signage opportunities. Convenient access to Routes 8, 4, and 202 adds to its appeal. One available suite, measuring 2,994 square feet, is currently available for lease. The second-floor suite includes private offices, a conference room, a kitchenette, and a restroom. The property is in move-in condition and offers ample parking. Zoned LB, this property is ideal for owner-occupancy or as a lucrative investment. The building's prominent location and convenient access to major roadways make it an attractive option for a variety of commercial uses. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a thriving Connecticut market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,109,363

  6.5%

  $1,024,028

  7%

  $950,883

• Comparable approach

  Method

  Valuation

  Relative Method

  $876,729

  Geo Method

  $876,729

• Alternative Use

  Use

  Valuation

  Residential

  $1,269,794

  Hospitality

  $1,163,125

  Educational

  $967,706

  Medical

  $1,000,987

  Retail

  $1,505,321

Location Insight

City

Torrington

County

Litchfield

State

Connecticut

Latitude

41.8081

Longitude

-73.11

CBSA code

45860

CBSA name

TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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