16 Bird St, Unit Torrington Torrington, CT 06790
- Office buildings
- 6,710 SF
- 0.47 lot acres
Current Use by Public Records
- Marcia Cornell Audiology Services / Medical Clinic / Audiologist
- Northwestern Mutual / Financial Planner / Financial Consultant
- Vintech Management Services LLC / Emergency Training / Ambulance Service
- Magnolia Health & Infusions LLC / Wellness Center / Weight Loss Service
- TC Computer Consulting LLC / Consultant
Property Details for 16 Bird St
- Year built
- 1990
- Construction
- FRAME
- Lot size
- 0.47 lot acres
- Property size
- 6,710 SF
- Zone code
- LB
- Property type
- Office buildings
- APN
- TORR M:125 B:014 L:006
- APU
- TORRM125B014L006
Description
This exceptional commercial property, located at 16 Bird St, Torrington, CT 06790, presents a unique investment opportunity. The 6,710 square foot building, constructed in 1990 and renovated in 2014, sits on a substantial 21,254 square foot lot. Classified as a Class B property, it features four units within a two-story building. The asking price is $780,000, translating to $116.24 per square foot. The property boasts a highly visible corner location at the intersection of East Main Street and Bird Street, directly across from "The Glass Building," ensuring significant traffic exposure and excellent signage opportunities. Convenient access to Routes 8, 4, and 202 adds to its appeal. One available suite, measuring 2,994 square feet, is currently available for lease. The second-floor suite includes private offices, a conference room, a kitchenette, and a restroom. The property is in move-in condition and offers ample parking. Zoned LB, this property is ideal for owner-occupancy or as a lucrative investment. The building's prominent location and convenient access to major roadways make it an attractive option for a variety of commercial uses. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a thriving Connecticut market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $430,000
- 6.5%
- $415,000
- 7%
- $410,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $425,000
- Geo Method
- $445,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $410,000
- Mixed-Use
- $395,000
- Hospitality
- $465,000
- Educational
- $455,000
- Residential Income
- $465,000
- Energy
- $395,000
- Income-Based Land
- $510,000
- Food Service
- $425,000
Location Insight
- Map
- Local Demand
- City
- Torrington
- County
- Litchfield
- State
- Connecticut
- Longitude
- -73.11
- Latitude
- 41.8081
- CBSA code
- 45860
- CBSA name
- TORRINGTON, CT MICROPOLITAN STATISTICAL AREA