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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

21 Water St Torrington, CT 06790

Built 1919
Property ID
Property summary
AI-generated overview

This stunning 4,752 square foot creative office space at 21 Water Street, Floor 3, offers a unique opportunity in the heart of Torrington's revitalized downtown. Built in 1919, this single-tenant space boasts high, ornate ceilings and a grand, luxurious feel, perfect for a business seeking a distinctive atmosphere. The space includes unique amenities such as a small stage and dance floor, ideal for performances or workshops, along with a kitchen area and a private loft office. Its DD zoning allows for a variety of uses. The building lacks elevators. This exceptional location is adjacent to the Five Points Gallery, placing your business within Torrington's thriving arts district, close to the Warner Theater and the Kid's Play Museum, and surrounded by diverse dining options. The space has a rich history, previously housing the Ridgely Lodge, the Nutmeg Ballet, and Red Room Sound Studio. The owner is offering rent negotiation incentives to facilitate upgrades and custom design changes, allowing you to tailor the space to your exact business needs. This is a rare chance to establish your business in a truly remarkable setting.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1919
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • SAMPLE TRACKS | Red Room Recording Studio
  • Red Room Sound Studio Recording Studio
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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