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Property profile & analytics
OFF-MARKET
Commercial real estate

73 Main St Torrington, CT 06790

8,060 SF 0.13 ac lot Built 1910
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US15-0154434
Property summary
AI-generated overview

This attractively priced 8,060 square foot, three-level commercial building is located in the heart of Torrington's downtown district at 73 E Main Street (Route 202). The building boasts an Art Deco style brick and masonry exterior and offers excellent visibility from its prime location on East Main Street. Currently housing a fitness studio on the ground floor, the building is zoned for a multitude of uses, including retail and office, as per Torrington's Town Zoning Regulations. The second floor features four individual rooms, a spacious open area, and a small kitchen. The third floor provides a bright and airy 924 square foot (42' x 22') unheated open space. The building benefits from natural gas heat, city water and sewer, and recently updated LED lighting throughout. The 0.13-acre lot provides ample space. The current owner will relocate their fitness business upon sale, making this an ideal property for an owner-user seeking a versatile space in a high-traffic area. Detailed operating expenses are available upon request.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1910
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,060 SF
Lot 0.13 ac (5,663 SF)
Zoning code DD
APN TORR M:117 B:017 L:016
UPID US15-0154434
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Fine Arts Ltd Art Gallery
  • Love It Vegan Restaurant
  • Margarita's lounge restaurant & bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Injs LLC · 14 yrs held
Injs LLC
since 2011
4 recorded transactions
2016
Price N/A
2011
$250,000
2009
$262,500
1969
Price N/A
Zoning & alternative use
DD · Torrington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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