257 Main St Torrington, CT 06790

This exceptional 7,238 square foot commercial building, located at 257 Main Street in the heart of Torrington, CT, presents a compelling investment opportunity. Situated on a highly visible 0.26-acre corner lot with 16,000 vehicles passing daily, this property boasts unparalleled accessibility and visibility. The building currently houses sixteen income-producing units, occupied by a diverse range of tenants including legal professionals, healthcare providers, and various service businesses, ensuring a stable and above-market return on investment. A comprehensive 2024 renovation has addressed all deferred maintenance, resulting in a move-in ready condition. Upgrades include a new roof, energy-efficient tinted windows, new LED lighting, updated HVAC systems, new flooring and carpeting, and a modernized security system with both interior and exterior surveillance. The property also features city water and sewer, gas service, and new common area mailboxes. A private parking lot with overflow parking provides ample space for tenants and visitors. The property's prime location, just minutes from Charlotte Hungerford Hospital and the Litchfield County Courthouse, further enhances its appeal and ensures strong tenant demand. The thriving Torrington economy contributes to a high absorption rate, currently resulting in 100% occupancy. Significant value-add potential exists through lease renegotiations to triple-net (NNN) leases, and additional revenue streams could be generated through rooftop billboard or cell tower installations. This property offers a rare combination of strong cash flow, minimal landlord responsibilities, and significant upside potential, making it an ideal investment for passive income seekers. The asking price is $1,270,000.