17 Funston AveTorrington, CT 06790

Property Details for 17 Funston Ave

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.10 AC

Property size (Sq ft)

2,078 SF

Zone code

R6

Property type

Retail properties

Property subtype

Other retail properties

APN

TORR M:111 B:012 L:007

APU

TORRM111B012L007

Description

This exceptional mixed-use property at 17 Funston Avenue, Torrington, CT presents a unique investment opportunity. The free-standing building boasts a well-established convenience store on the ground floor, offering immediate income potential for a new owner. The store benefits from central air conditioning, natural gas heat, city water and sewer, and convenient off-street parking. Upstairs, a two-bedroom apartment provides additional income potential through rental or owner occupancy. This versatile property is ideally situated for business success, enjoying a fantastic location close to Route 8 and just off Route 202, ensuring high visibility and accessibility. The 0.1-acre lot provides ample space for the building and parking. The property is being sold "as is," presenting a chance to acquire a turnkey business and rental property in a prime location. The asking price is $324,000. This is a rare opportunity to acquire a profitable, established business with significant upside potential. Don't miss out on this excellent investment.

• CAP approach

  CAP return

  Valuation

  6%

  $505,027

  6.5%

  $466,178

  7%

  $432,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $684,209

  Geo Method

  $684,209

• Alternative Use

  Use

  Valuation

  Residential

  $393,239

  Hospitality

  $360,205

  Educational

  $299,686

  Medical

  $309,993

  Retail

  $466,178

Location Insight

City

Torrington

County

Litchfield

State

Connecticut

Latitude

41.7981

Longitude

-73.1285

CBSA code

45860

CBSA name

TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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