245 Elm St, Torrington, CT 06790-5059
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.
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Vinny's Restaurant & Pizza Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LB · Torrington, CTTorrington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.