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    392 Torrington Rd Litchfield, CT 06759

    For Sale
    $444,500

    Two Buildings, 1.3 Acres, High Potential

    Property size:
    2,946 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional investment opportunity in Litchfield, CT, presents two distinct buildings on a 1.3-acre commercially zoned lot. The prominent front building, a 1,440-square-foot retail space constructed in 1963, currently operates as a successful eat-in restaurant/takeout deli under a lease generating $1,900 per month, expiring next year. This provides immediate income potential. The rear building, a 3-bedroom, 2-bathroom single-family ranch house built in 1979, offers additional income possibilities. Currently occupied rent-free by a family member, a recent appraisal estimates market rent at $2,750 per month. The total property encompasses 2,946 square feet, presenting a versatile combination of established commercial space and residential potential. The location on Torrington Road offers excellent visibility and accessibility. This property is ideal for investors seeking a blend of immediate income and future development opportunities, allowing for diverse strategies to maximize returns. The flexible zoning allows for a variety of uses, making this a truly unique and attractive investment. The property's size and layout provide ample room for expansion or modification to suit future business needs. This is a rare chance to acquire a well-situated, income-producing property with significant upside potential.

    Property Features for 392 Torrington Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,946 SF
    Lot Size
    56,628 SF

    Building Details

    Year Built
    1963
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Ripe Tomato Deli Deli

    Suggested Use

    Restaurant Realty agency Law Firm Auto Repair Shop Hair Salon Department Store Food Market Garden Center Veterinary Clinic Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Litchfield
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.17594
    Latitude
    41.76662

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    FAQs

    What type of property is this?
    Commercial real estate - Two Buildings, 1.3 Acres, High Potential
    Where is this commercial real estate located?
    The property is located at 392 Torrington Rd Litchfield, CT.
    What is the asking price?
    The asking price for this property is $444,500.
    (860) 635-7500
    Request Owner's contact information
    392 Torrington Rd Litchfield, CT 06759
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    Litchfield, CT 06759
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    Realmo Value Estimation

    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.

    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.

    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
    392 Torrington Rd Litchfield, CT 06759
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