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    Property profile & analytics
    OFF-MARKET Estimated value $1,160,000
    Manufacturing properties

    245 Elm St, Torrington, CT 06790-5059

    65,212 SF 1.6 ac lot Built 1900
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US15-1295628
    Property summary
    AI-generated overview

    This exceptional 60,000 square foot industrial property, situated on 1.67 acres in desirable Downtown Torrington, offers unparalleled flexibility for a diverse range of businesses. Built in 1900 and extensively renovated in 2024, the building boasts three floors of customizable space, ranging from 4,000 to 50,000 square feet. Each floor features expansive open layouts with impressive 14-foot ceilings, providing ample room for creative design and efficient workflow. The property's strategic location ensures high visibility and accessibility, benefiting from a significant daily traffic count. Three convenient drive-in loading bays and a freight elevator facilitate seamless logistics, while ample parking caters to both employees and customers. The property's zoning allows for a wide array of uses, including but not limited to restaurants, bars, entertainment venues (arcades, escape rooms), fitness centers, art studios, educational facilities, large salons, and various retail or medical businesses. This is a rare opportunity to secure a prime industrial space in a thriving downtown location, perfectly suited for businesses seeking a unique and adaptable environment. The property's recent renovation ensures modern amenities and functionality, making it an ideal choice for companies looking to establish a strong presence in the heart of Torrington.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1900
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 65,212 SF
    Lot 1.6 ac (69,696 SF)
    Zoning code LB
    APN TORR M:125 B:006 L:011
    UPID US15-1295628
    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
    • Vinny's Restaurant & Pizza Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $825k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.49M
    Blend (final) Blend
    $1.16M
    Owner & transaction history
    Seferi Properties LLC · 8 yrs held
    Seferi Properties LLC
    since 2017
    5 recorded transactions
    2017
    2016
    $154,785
    2014
    $75,000
    2013
    $75,000
    2011
    Zoning & alternative use
    LB · Torrington, CT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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