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    1083 Main St Torrington, CT 06790

    For Sale
    $2,100,000

    High-yield retail investment, 100% occupied.

    Property size:
    31,036 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a multi-building retail complex ideally situated on 1.79 acres in Torrington, Connecticut's desirable upper east side. The property boasts a prime location along Route 202, offering convenient access to major retailers, restaurants, and medical facilities. Currently operating at 100% occupancy with a mix of retail, office, and warehouse tenants, this property comprises five free-standing buildings totaling 31,036 square feet. The property features ample on-site parking with 60+ spaces, city sewer and water, and natural gas utilities. Zoned LB (Local Business), this property offers significant potential for redevelopment or continued operation as a mixed-use income property. The property's 292+ feet of road frontage and two curb cuts provide excellent accessibility. Built in 1950, this property offers a strong return on investment with an asking price of $2,100,000 ($67.66/sq ft). The property's strategic location and diverse tenant base make it an attractive investment for both owner-users and investors seeking a stable, high-yield portfolio addition. This is a rare opportunity to acquire a substantial income-producing property in a thriving Connecticut market.

    Property Features for 1083 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    31,036 SF

    Building Details

    Year Built
    1950
    Buildings
    5

    HighLights

    • Multi‑building retail complex on 1.79 acres in Torrington, CT's desirable upper east side.
    • Prime Route 202 location with high visibility and access to amenities.
    • 100% occupied, 31,036 SF across five free‑standing buildings with a mix of retail, office, and warehouse tenants.
    • 60+ parking spaces, city sewer/water, natural gas.
    • LB zoning allows for redevelopment or continued mixed‑use operation.
    • $2,100,000 asking price ($67.66/SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Packaging Depot Shipping Company UPS Authorized Shipping ... Shipping And Mailing Service MT Cues Billiards Supply Store GW.E.M Confection & Tailoring Tailor Building Inspector-Connecticut Home Inspector

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrington
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.0979601
    Latitude
    41.8145503

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    FAQs

    What type of property is this?
    Individual retail property - High-yield retail investment, 100% occupied.
    Where is this individual retail property located?
    The property is located at 1083 Main St Torrington, CT.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Multi-building retail complex on 1.79 acres in Torrington, CT's desirable upper east side.; Prime Route 202 location with high visibility and access to amenities.; 100% occupied, 31,036 SF across five free-standing buildings with a mix of retail, office, and warehouse tenants.
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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
    1083 Main St Torrington, CT 06790
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