Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Commercial Property, Winchester CT Title is generated by Realmo AI

    1 Lake St, Winchester, CT 06098

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Versatile commercial building in Litchfield County with customization options.

    Type:Hospitality, Office, Retail
    Property size:
    4,852 SF
    Price / SF:
    $59/SF
    Added:
    Feb 11, 2026
    Days on Market:
    92
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 1 Lake St

    General Information

    Standard status
    Active
    Size
    4,852 SF
    Property subtype
    Hospitality, Office, Retail

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    David Sartirana

    Listing agent David Sartirana License #CT REB.0756887

    Listing office Northwest CT Realty

    Listing date Feb 11, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Northwest CT Realty

    HighLights

    • Prime location in highly desirable Litchfield County with exceptional visibility.
    • Versatile 4,852 sq ft open layout adaptable for retail, office, showroom, or mixed uses.
    • Flexible Town Center zoning allows for numerous commercial uses.
    • Clear‑span construction enables easy interior reconfiguration.
    • Includes separate men's and women's bathrooms, handicap/family restroom, and kitchen.
    • Located on a prominent corner lot with easy access.

    Overview

    This 4,852-square-foot commercial building is situated on a prominent corner lot in Litchfield County, offering high visibility and accessibility. The property's open layout allows for versatile customization, accommodating various commercial uses such as retail, office space, or showrooms. The space is currently divided into four large sections, each approximately 700 square feet, along with 300 square feet of dedicated office space. It features separate men's and women's bathrooms, each with three fixtures, a handicap/family restroom, and a modest-sized kitchen. The clear-span construction allows for easy reconfiguration of the interior walls. Zoned as Town Center, the property permits numerous potential uses, including accessory residential uses, artisan production, bakery, banks & financial institutions (without drive-thru), commissary, cultural institutions, small format drug store, family day care home, home occupation, small format medical offices, business & professional offices, restaurants, small format grocery retail, personal service retail, and small shops. The property is located in the heart of the highly desirable Litchfield County, surrounded by thriving businesses and a strong consumer base.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -73.077187
    Latitude
    41.924215

    Nearby Similar for Sale

    • $399,000
      2,779 SF

      Victorian Two-Family Home, Winchester CT

      Well-maintained Victorian two-family home in a prime location.
      217 Walnut Street, Winchester, CT 06098
      View Details
    • $280,000
      4,852 SF

      Versatile Commercial Building in Winchester

      4,852 SF commercial building in Litchfield County.
      1 Lake Street, Winchester, CT 06098
      View Details
    • $89,000
      1,165 SF

      Winchester Office Condo For Sale

      Well-maintained office condo with versatile layout near downtown Winchester.
      140 Willow Street, Winchester, CT 06098
      View Details
    • $499,999
      5,016 SF

      Historic Victorian Property with Barn

      Versatile Victorian property in TCR Zone with development potential.
      55 Walnut Street, Winchester, CT 06098
      View Details
    • $449,000
      5,016 SF

      Victorian Property with Development Potential

      Versatile Victorian property in Winchester, CT with development potential.
      55 Walnut Street, Winchester, CT 06098
      View Details
    • $595,000
      9,438 SF

      Versatile Commercial Building with Visibility

      Adaptable building suitable for retail, storage, or automotive businesses.
      45 Willow Street, Winchester, CT 06098
      View Details
    • $595,000

      Versatile Commercial Property in Winchester

      Adaptable building suitable for retail, storage, or automotive uses.
      45 Willow St, Winchester, CT 06098
      View Details
    • $899,000
      11,972 SF

      Historic Theater with Multiple Income

      Unique commercial property with theater, restaurant, and bar.
      354 Main Street, Winchester, CT 06098
      View Details
    • $1,900,000
      12,000 SF

      New 12,000 SF Steel Building

      Newly constructed flex space with expansion potential on 20+ acres.
      144 Rowley St, Winchester, CT 06098
      View Details
    • $579,000

      Winsted Multifamily Investment Opportunity

      Charming 5-unit apartment building in residential neighborhood. Fully rented.
      150 Oak St, Winchester, CT 06098
      View Details
    • $475,000

      Well-Maintained Three-Family Home

      Rare, well-maintained three-family home with market rents.
      51 Hinsdale Ave, Winchester, CT 06098
      View Details
    • $299,900
      2,699 SF

      Updated Two-Family Winchester Residence

      Two-family residence with modern updates and income potential.
      77 Hubbard Street, Winchester, CT 06098
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile commercial building in Litchfield County with customization options.
    Where is this retail space located?
    The property is located at 1 Lake St Winchester, CT.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: Prime location in highly desirable Litchfield County with exceptional visibility.; Versatile 4,852 sq ft open layout adaptable for retail, office, showroom, or mixed uses.; Flexible Town Center zoning allows for numerous commercial uses.
    (860) 806-0225 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David Sartirana
    Real Estate License ID: CT REB.0756887
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1 Lake St, Winchester, CT 06098
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!