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.

Exterior

  • ImprovementsNone
  • StyleRanch
  • GeneralDoors - 10-15 ft, Gutters, Lighting, Pole Sign
  • ParkingParking spaces: 0
  • Other StructuresPorch
  • PoolAbove Ground Pool

Location

  • Road/AccessMunicipal Street
  • CountyLitchfield
  • HOA AmenitiesPark, Private Rec Facilities, Tennis Courts, Club House, Tennis, Lake/ Beach Access, 2000.0, Annually
  • Originating MLSColumbia Greene Northern Dutchess MLS
  • School DistrictPine Plains

Lot

  • ZoningDD, 882792
  • DrivewayPrivate, Paved
  • ViewCountry, Far Reaching, Hilltop, Mountain, Pastoral, Wooded
  • Current UseRAW LAND
  • RestrictionsInland- Wetland Restrictions

Utilities

  • UtilitiesElectric, Gas
  • WaterPublic Water Connected
  • SewerNot Connected

Interior

  • LaundryLower Level
  • BasementFull, Garage Access, Partially Finished, Walk-out, Concrete Floor
  • A/CCentral Air
  • HeatingHot Water, Electric, Gas In Street
  • FireplaceFireplaces: 1
  • AppliancesElectric Range, Refrigerator, Icemaker, Dishwasher, Wine Chiller
  • GeneralSecurity System, Window Display
  • FlooringWall-to- Wall Carpet
  • Disability FeatureAccessible Bedroom, Accessible Full Bath
  • RoomsFoyer
  • Eco/Green FeatureSolar Owned

Construction

  • RoofingRubber
  • GeneralOne
  • WindowsDouble Pane Windows, New Windows

Financial

  • SourceColumbia Greene Northern Dutchess MLS
  • ExclusionsCorey Smith/ Smithys Barbershop and Sharon Affordable Housing

Listing History

  • 06/29/2024$1,300,000 @ $180 per ft²
  • 06/29/2024Active
  • 09/22/2023$1,650 @ $0 per ft²
  • 09/22/2023Active
  • 07/27/2017$0 @ $0 per ft²
  • 07/27/2017Sold
  • 07/27/2017$0 @ $0 per ft²
  • 07/27/2017Sold
  • 07/27/2017$349,900 @ $48 per ft²
  • 07/27/2017Sold
  • 07/27/2017$0 @ $48 per ft²
  • 07/27/2017Sold
  • 07/27/2017$0 @ $48 per ft²
  • 07/27/2017Sold
  • 07/27/2017$0 @ $48 per ft²
  • 07/27/2017Sold

Property Features

  • 2000.0
  • 882792
  • Above Ground Pool
  • Accessible Bedroom
  • Accessible Full Bath
  • Annually
  • Central Air
  • Club House
  • Columbia Greene Northern Dutchess MLS
  • Concrete Floor
  • Corey Smith/ Smithys Barbershop and Sharon Affordable Housing
  • Country
  • DD
  • Doors - 10-15 ft
  • Double Pane Windows
  • Electric
  • Far Reaching
  • Fireplaces: 1
  • Foyer
  • Full
  • Garage Access
  • Gas
  • Gas In Street
  • Gutters
  • Hilltop
  • Hot Water
  • Inland- Wetland Restrictions
  • Lake/ Beach Access
  • Lighting
  • Litchfield
  • Lower Level
  • Mountain
  • Municipal Street
  • New Windows
  • NotConnected
  • One
  • Park
  • Parking spaces: 0
  • Partially Finished
  • Pastoral
  • Paved
  • Pine Plains
  • Pole Sign
  • Porch
  • Private
  • Private Rec Facilities
  • Public Water Connected
  • Ranch
  • RAW LAND
  • Rubber
  • Security System
  • Solar Owned
  • Tennis
  • Tennis Courts
  • Walk- Out
  • Wall to Wall Carpet
  • Window Display
  • Wooded

Residential Info

Property Details

Address: 257 Main Street, Torrington, Connecticut 06790