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    692 Main St Torrington, CT 06790

    For Sale
    $599,900

    High-traffic location, versatile space, great income potential.

    Property size:
    4,005 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 4,005 square foot commercial building is ideally situated on a 0.6-acre lot in the bustling downtown Torrington area, offering unparalleled visibility and high traffic exposure. The main level boasts a spacious 1,728 square foot showroom featuring two existing offices, providing ample space for various business needs. Convenient access to a large 1,400 square foot service/warehouse area is provided by an interior garage door, easily accommodating up to four vehicles with the aid of two hydraulic vehicle lifts. An exterior garage door offers direct access to the expansive private parking lot. The property's previous use as a successful used car dealership and audio/video/security franchise highlights its potential for a variety of businesses. The ample parking accommodates over 100 vehicles. A significant advantage is the newly remodeled 880 square foot studio apartment on the second floor, complete with a full kitchen, bathroom with tub and shower, washer and dryer, open floor plan, and a large deck. This presents a unique "work here, live here" opportunity or the potential for supplemental rental income. The property is priced at $599,900 and offers endless possibilities for both established businesses seeking relocation and entrepreneurs looking to launch new ventures. The previous tenant successfully operated at this location for 25 years before relocating to accommodate expansion.

    Property Features for 692 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,005 SF
    Lot Size
    26,136 SF

    Building Details

    Year Built
    1942
    Insight Report Location Intelligence

    Current Use by Public Records

    Lifesafer Ignition Interlock Safety Equipment Supplier Berkshire Auto Sales Used Car Dealer

    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
    -73.11779
    Latitude
    41.78645

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, versatile space, great income potential.
    Where is this commercial real estate located?
    The property is located at 692 Main St Torrington, CT.
    What is the asking price?
    The asking price for this property is $599,900.
    (860) 354-4111
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    692 Main 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
    692 Main St Torrington, CT 06790
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