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    535 Migeon Ave Torrington, CT 06790

    For Sale
    $4,500,000

    Prime Retail/Industrial Opportunity, 225,000 SF

    Property size:
    225,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 225,000-square-foot shopping center, situated on an expansive 11.51-acre lot in Torrington, Connecticut, presents a compelling investment opportunity. Located at 535 Migeon Ave, zip code 06790, this property boasts a desirable location with strong demographics within a 1, 3, and 5-mile radius. The building's industrial and retail zoning allows for a multitude of potential uses, making it highly adaptable to various business needs. The asking price is $4,500,000, translating to a price per square foot of $20. The property features a substantial 16-foot ceiling height, providing ample vertical space for diverse operational requirements. Its large footprint and expansive lot size offer significant potential for redevelopment or expansion, catering to a wide range of development projects. This property is ideal for investors seeking a versatile asset with strong growth potential in a thriving market. The property's size and location make it an attractive proposition for businesses seeking a significant presence in the Torrington area. The combination of industrial and retail zoning provides flexibility for a variety of uses, maximizing the potential return on investment. This is a rare opportunity to acquire a substantial property with significant upside potential in a desirable Connecticut location.

    Property Features for 535 Migeon Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    225,000 SF
    Lot Size
    501,376 SF

    HighLights

    • 225,000 SF industrial/retail property.
    • 11.51‑acre lot.
    • Excellent redevelopment potential.
    • Strong demographics within 1, 3, and 5‑mile radius.
    • Multiple potential uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Big Daddy's Diesels ... Diesel Engine Repair Service

    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
    -73.134721
    Latitude
    41.812544

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail/Industrial Opportunity, 225,000 SF
    Where is this lifestyle center located?
    The property is located at 535 Migeon Ave Torrington, CT.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 225,000 SF industrial/retail property.; 11.51-acre lot.; Excellent redevelopment potential.
    Request Owner's contact information
    535 Migeon Ave 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
    535 Migeon Ave Torrington, CT 06790
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