218B Main St Torrington, CT 06790
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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