99 Winsted RdTorrington, CT 06790

Property Details for 99 Winsted Rd

Lot size

1.95 AC

Zone code

LB

Property type

Commercial real estate

APN

TORR M:121 B:005 L:001

APU

TORRM121B005L001

Description

This exceptional 1.95-acre commercial property in Torrington, Connecticut, presents a unique investment opportunity. Located at 99 Winsted Rd, 06790, this single-tenant property boasts a substantial 18,602 square-foot building. The building features four leasable units, offering flexibility for various business needs. Units A and B are combinable, totaling 3,680 square feet and leasing for $4,200 per month. Unit C offers 1,750 square feet at $2,200 per month, and can be expanded by adding Unit D for a combined 2,290 square feet at $3,200 per month. All lease rates are gross, with tenants responsible for electricity and heat. Each unit provides convenient access via large overhead doors at both the front and rear, allowing for efficient indoor loading and unloading. The building features an estimated 16 to 18-foot clearance to the underside of the truss. Its prime location on Winsted Road offers easy access to Routes 8 North and South, providing excellent connectivity and convenience. This versatile space is ideal for businesses seeking a functional and strategically located property in Northwest Hills County.

• CAP approach

  CAP return

  Valuation

  6%

  $15,915,900

  6.5%

  $14,691,600

  7%

  $13,642,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,098,500

  Geo Method

  $11,098,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $28,924,400

  Retail / Commercial

  $14,832,300

  Mixed-Use / Specialty

  $14,779,400

  Hospitality / Lodging

  $10,843,200

  Office

  $14,691,600

  Institutional / Educational

  $15,364,600

  Residential Income

  $17,976,600

  Multifamily

  $21,560,200

  Automotive / Energy

  $13,169,700

  Parking / Income-Based Land

  $4,544,700

  Restaurant / Food Service

  $7,686,890

  Healthcare / Senior Housing

  $15,156,000

Location Insight

City

Torrington

County

Litchfield

State

Connecticut

Latitude

41.8215

Longitude

-73.1206

CBSA code

45860

CBSA name

TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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