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    720 Main St Winchester, CT 06098

    View on Map
    Sponsored
    For Sale
    $395,000

    MULTI_FAMILY - Winchester, CT

    Property size:
    1,909 SF
    Lot size:
    0.07 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 5 at 12:06 pm

    Property Features for 720 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CB-3
    Rooms
    Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1
    Bedrooms
    3
    Bathrooms
    2
    Patio and Porch features
    Deck
    Exterior features
    Deck
    Size
    1,909 SF
    Lot size
    0.07 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Water source
    Public

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Ryan Marconi

    The Washington Agency (860) 482-7044 x222

    Listing agent Ryan Marconi (860) 482-7044

    Listing date Mar 2, 2026

    MLS# 24138050

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Building in Downtown Winsted

    This two-story mixed-use building is located on Main Street in downtown Winsted. The first floor features a commercial space that was most recently home to "JT's Cafe," and previously known as "The Winning Ticket Cafe." It includes an existing kitchen area with oven range vents, a fridge, a bathroom, and an open seating area. The commercial space is suitable for a restaurant, cafe, retail, or service business. The second floor offers a spacious 3-bedroom apartment with recent updates, including a new roof, windows, a deck, a kitchen, and an on-demand hot water system. The unit was renovated down to the studs. The property has separate gas and electric meters. The building is suitable for owner-occupier or investment use. The lot size is 0.07 acres. The property size is 1909 square feet. The zoning is CB-3. On-street parking is available. The property is located near Highland Lake, Route 44, and downtown amenities. The property offers the opportunity to live and work in the same building or generate dual rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    JT's Cafe Bar & Pub

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.076105
    Latitude
    41.925067

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    FAQs

    What type of property is this?
    Mixed-use property - Two-story mixed-use building with commercial space and residential apartment.
    Where is this mixed-use property located?
    The property is located at 720 Main St Winchester, CT.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Prime mixed-use property in a high-visibility downtown location on Main Street.; - **Spacious, recently renovated 3-bedroom apartment on the second floor featuring a new roof, windows, deck, and kitchen**, also includes on-demand hot water.; - First-floor commercial space with existing kitchen area (oven range vents, fridge), bathroom, and open seating, suitable for restaurant, retail, or service business.
    (860) 960-6946
    Request Owner's contact information
    720 Main St Winchester, CT 06098
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    Winchester, CT 06098
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    720 Main St Winchester, CT 06098
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    We can help!
    Listing Contact
    Ryan Marconi
    (860) 960-6946 (860) 482-7044
    Learn more
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