213 Litchfield StTorrington, CT 06790

Property Details for 213 Litchfield St

Year built

1940

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.22 AC

Property size (Sq ft)

5,949 SF

Zone code

DD

Property type

Retail space

APN

TORR M:116 B:002 L:012

APU

TORRM116B002L012

Description

This exceptional Torrington, CT investment opportunity encompasses two commercial buildings and a vacant 0.64-acre lot, totaling 8,251 square feet. Located on Route 202, the property boasts excellent visibility and high traffic counts, making it ideal for redevelopment or expansion. The main building, constructed in 1940, offers significant potential for various commercial uses, subject to permitted DD zoning. The property's asking price is $324,900, translating to $39.38 per square foot. The inclusion of a vacant lot presents further development possibilities, allowing for expansion or the creation of additional commercial space. This unique offering presents a compelling chance to capitalize on a prime location in a thriving Connecticut market. The property's address is 213 Litchfield Street, Torrington, CT 06790, situated in the Northwest Hills county. This combined property presents a rare opportunity for investors seeking a high-visibility location with significant redevelopment potential. The existing structures and vacant land provide flexibility for a range of commercial ventures. The property's size and location make it an attractive investment for both short-term and long-term growth.

• CAP approach

  CAP return

  Valuation

  6%

  $1,445,815

  6.5%

  $1,334,598

  7%

  $1,239,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,958,787

  Geo Method

  $1,958,787

• Alternative Use

  Use

  Valuation

  Residential

  $1,125,784

  Hospitality

  $1,031,212

  Educational

  $857,956

  Medical

  $887,462

  Retail

  $1,334,598

Location Insight

City

Torrington

County

Litchfield

State

Connecticut

Latitude

41.7966

Longitude

-73.1249

CBSA code

45860

CBSA name

TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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