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    73 Center St Torrington, CT 06790

    For Sale
    $1,000,000

    Iconic Bar & Rental Units - High ROI Potential

    Property size:
    5,043 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity in Torrington, Connecticut, presents a unique blend of commercial and residential income streams. The property encompasses a thriving, established bar, a beloved local landmark, situated on a 0.22-acre lot at 73 Center Street. The bar itself occupies a substantial 5,043 square feet of space, offering significant potential for continued growth and profitability. In addition to the main bar building, the property includes a second building containing six individual one-bedroom rental units, providing a consistent and reliable source of passive income. This dual-income property offers a rare chance to acquire a well-established business with a proven track record alongside a stable rental portfolio. The asking price for this turnkey operation is $1,000,000. The property's prime location in Torrington ensures high visibility and accessibility, attracting both local patrons and tourists. This is an ideal investment for savvy entrepreneurs seeking a diversified portfolio with immediate cash flow and significant long-term growth potential. The combined income generated from the bar and rental units presents a compelling return on investment, making this a truly exceptional opportunity in the vibrant Torrington market. The property is ready for immediate occupancy and operation, requiring minimal capital expenditure to maintain its current high level of performance. Serious inquiries only.

    Property Features for 73 Center St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,043 SF
    Lot Size
    9,583 SF

    Building Details

    Year Built
    1933
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.11791
    Latitude
    41.80051

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    FAQs

    What type of property is this?
    Commercial real estate - Iconic Bar & Rental Units - High ROI Potential
    Where is this commercial real estate located?
    The property is located at 73 Center St Torrington, CT.
    What is the asking price?
    The asking price for this property is $1,000,000.
    (860) 806-4169
    Request Owner's contact information
    73 Center St Torrington, CT 06790
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    Torrington, CT 06790
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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
    73 Center St Torrington, CT 06790
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