Active
257 Main Street
Torrington CT, 06790
$1,300,000
$179.61 per sqft
Active
7,238 sqft
Commercial
Built in 1955
Incredible Investment Opportunity directly in Downtown Torrington featuring extremely stable income at above market returns and extremely low operating costs. The property sits just steps away from city hall on an EXTREMELY high traffic corner parcel intersection in Downtown Torrington with excellent visibility (16,000 VPD count), easy pedestrian and vehicle accessibility with a private parking lot with overflow and 16 cash flowing units. Benefit from an extensive 2024 renovation providing little to no deferred maintenance. Property features city water/sewer, gas, new common area mailboxes, upgraded interior/exterior surveillance systems, energy efficient tinted windows, new LED Lights, a new roof, new flooring/carpeting, and all new HVAC units and mechanicals. The thriving Torrington economy provides a very high absorption rate and as a result, the property is 100% leased to a wide variety of tenants (lawyers, tax professionals, insurance, salon, roofing contractors, therapists, board games, recording studio, stretch therapy, etc). Value add potential for anyone looking to turn all the below market leases to NNN, rooftop opportunities for billboards and cell towers. Property is just minutes from Charlotte Hungerford Hospital and the Litchfield County Courthouse, creating an ideal workplace for legal and healthcare professionals. Great for Passive Income/Absolute Minimum Landlord Responsibilities.
24029135
MLSⓇ ID
June 29, 2024
Listed
November 22, 2024
Updated
Map
257 Main Street
Torrington CT, 06790
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Electric, Hot Water
Exterior/Building Features
Lot Size
0.26 Acres
Roof
Rubber
Sewer
Public Sewer
Other Property Details
Area Name
N/A
Taxes
$17,367
Tax Frequency
Annually
Days on Market
48
Garage
No
View
No
County
Litchfield
Water Source
Public
Pool
No
Zoning
DD
Listed by Zach Pranger with Group Realty LLC
Listing Contact: 2037511390
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Data last updated on 11/22/2024 at 5:27 AM UTC