1. Connecticut
  2. Torrington
  3. 257 Main Street
$1,200,000

257 Main Street, Torrington, CT 06790

  • 7,238 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1955
  • Property Lot Size Icon0.26acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $166/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

NEWLY UPDATED 2025 (PRICE REDUCED, NEW LEASES, UPDATED INCOME) 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.

Listing Status:
Active
Date Added:
June 29, 2024 at 11:47AM
Listing Office:
Group Realty LLC : (203) 575-9970
Listing Agent:
Zach Pranger : (203) 751-1390
MLS ID:
24029135
  • General: Security SystemWindow Display
  • A/C: Central Air
  • Heating: Hot WaterElectricGas In Street

This listing courtesy of Zach Pranger, Group Realty LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

V

Vogel-Wetmore Elementary School

68 Church St, Torrington, CT, 06790

Grades KG-3

0.14 miles away

T

Torrington Middle School

200 Middle School Dr, Torrington, CT, 06790

Grades 6-8

3.28 miles away

T

Torrington High School

50 Major Besse Dr, Torrington, CT, 06790

Grades 9-12

0.90 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listing

95 New Litchfield Street, Torrington, CT 06790
Commercial Property

$969,000

  • 5,936 sqft |
  • 0.47 acre lot
95 New Litchfield Street Torrington, CT 06790

#24074303 - Borla & Associates Real Estate