50 King StTorrington, CT 06790

Property Details for 50 King St

Year built

1987

Construction

FRAME

Lot size

0.11 AC

Property size (Sq ft)

3,231 SF

Zone code

R6

Property type

Office properties

Property subtype

Office buildings

APN

TORR M:114 B:003 L:020

APU

TORRM114B003L020

Description

This unique 3,231 square foot commercial property located at 50 King Street in Torrington, Connecticut, presents a compelling investment opportunity. Previously utilized as a food bank for many years and originally as an office and warehouse for a local construction company, this well-constructed building offers exceptional adaptability. Situated in Torrington's south end, it enjoys convenient access to the town center and major transportation routes, including Routes 8 North and South. The property's substantial square footage provides significant potential for a variety of uses. The building's layout could easily be repurposed for office or distribution purposes, with the option to reinstate an overhead door. Alternatively, its size and layout could be suitable for conversion into a multi-family residential property. The asking price of $294,900 represents an attractive value for the substantial space offered. This property is zoned for commercial use within the Northwest Hills county, and its location in the 06790 zip code offers easy access to local amenities and transportation networks. This adaptable space presents a rare opportunity for investors and entrepreneurs seeking a versatile property in a desirable location. The property is being sold as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $534,181

  6.5%

  $493,090

  7%

  $457,869

• Comparable approach

  Method

  Valuation

  Relative Method

  $422,162

  Geo Method

  $422,162

• Alternative Use

  Use

  Valuation

  Residential

  $611,432

  Hospitality

  $560,068

  Educational

  $465,970

  Medical

  $481,995

  Retail

  $724,842

Location Insight

City

Torrington

County

Litchfield

State

Connecticut

Latitude

41.7871

Longitude

-73.1162

CBSA code

45860

CBSA name

TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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