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    218B Main St Torrington, CT 06790

    Sponsored
    For Sale
    $925,000

    High-traffic location, 10,420 SF, redevelopment potential.

    Property size:
    10,420 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 218B and 224E Main Street in Torrington, Connecticut, presents a significant redevelopment opportunity. The 0.86-acre site boasts two existing buildings totaling 10,420 square feet, situated on a high-traffic area of East Main Street (CT Route 202), which sees 18,000 vehicles per day. Its prime location offers excellent visibility and accessibility, enhanced by its adjacency to a new Dollar Tree store, with which it shares an entrance. The property's considerable lot depth allows for ample parking and the potential for a drive-thru lane, making it ideal for a variety of uses. Potential uses include restaurants, banks, medical facilities, offices, or retail establishments. Existing tenants may remain in place during the buyer's approval process. Torrington, a major micropolitan area, serves a population exceeding 180,000 people, providing a substantial customer base. The asking price for this remarkable property is $925,000. Please note that direct contact with current building occupants is prohibited. This property is zoned for commercial use.

    Property Features for 218B Main St

    General Information

    Property type
    Land
    Square Feet
    10,420 SF

    HighLights

    • $925,000 asking price for a 10,420 SF retail land property.
    • Located at 218B and 224E Main St, Torrington, CT 06790, on a 0.86‑acre lot.
    • High‑traffic location on CT Route 202 (East Main Street), with 18,000 vehicles per day.
    • Adjacent to a new Dollar Tree with shared entrance; ample parking available.
    • Suitable for redevelopment as restaurant, bank, medical, office, or retail; existing tenants can remain during approvals.
    Property Profile 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
    Northwest Hills
    State
    Connecticut
    Longitude
    -73.1212958
    Latitude
    41.8050094

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    FAQs

    What type of property is this?
    Land - High-traffic location, 10,420 SF, redevelopment potential.
    Where is this land located?
    The property is located at 218B Main St Torrington, CT.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: $925,000 asking price for a 10,420 SF retail land property.; Located at 218B and 224E Main St, Torrington, CT 06790, on a 0.86-acre lot.; High-traffic location on CT Route 202 (East Main Street), with 18,000 vehicles per day.
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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
    218B Main St Torrington, CT 06790
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