213 Litchfield StTorrington, CT 06790
- Retail properties
- 5,949 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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