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Property profile & analytics
FOR SALE
Medical Office Space

1598 E Main St Torrington, CT 06790

6,504 SF 1.07 ac lot Built 1978
Entity Owned 25-yr Hold ~ Est. High Equity
Property ID
US15-0735094
Property summary
AI-generated overview

This exceptional 6,504-square-foot medical office building is situated on a 1.07-acre lot at 1598 East Main Street in Torrington, Connecticut, zip code 06790. The property boasts a desirable location within Litchfield County and is zoned LB, offering versatility for various professional uses. Currently configured as a medical office, the space is well-suited for a range of office or even retail tenants. The asking price is $1,495,000, translating to a price per square foot of $229.86. Recent exterior upgrades enhance the building's curb appeal and functionality. The property presents a compelling investment opportunity due to its size, location, and the potential for diverse occupancy. The building's ample square footage provides significant space for a variety of business needs. Its strategic location in Torrington offers excellent visibility and accessibility. This property is ready for immediate occupancy and represents a strong value in the current market. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property is offered as-is.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,504 SF
Lot 1.07 ac (46,609 SF)
Zoning code LB
APN TORR M:137 B:006 L:003
UPID US15-0735094
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
  • Meltzer Roberta MD Physician
  • Northwest Connecticut Medical Medical Clinic
  • St Francis Center-Occupational Medical Clinic
  • Charlotte Hungerford Hospital Hospital
  • Asher Qureshi, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
$631k
Blend (final) Blend
$515k
Owner & transaction history
E Main Rlty LLC · 25 yrs held
E Main Rlty LLC
since 2001
7 recorded transactions
2007
Price N/A
2007
Price N/A
2002
Price N/A
2001
$850,000
1997
Price N/A
1997
Price N/A
1993
Price N/A
Zoning & alternative use
LB · Torrington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $855,000 +42.5%
Office building $735,000 +22.3%
Apartment house (5+ units) $640,000 +6.5%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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