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Property summary
This exceptional 7,283 sq ft, two-story creative office building in downtown Torrington, CT, presents a compelling value-add investment opportunity. Boasting a 7.80% cap rate and 100% occupancy across 16 units, the property enjoys an extremely high-traffic location (16,000 VPD) with excellent visibility near City Hall. A comprehensive 2024 renovation eliminated deferred maintenance, including a new roof, HVAC systems, flooring, LED lighting, energy-efficient windows, and upgraded security systems. The building features city water/sewer and gas. Currently leased to a diverse tenant mix (lawyers, healthcare professionals, etc.), this property offers significant value-add potential through lease adjustments and potential rooftop development. Its prime location near Charlotte Hungerford Hospital and the Litchfield County Courthouse ensures strong tenant demand. The low operating costs and stable income stream make this an ideal investment for passive income generation with minimal landlord responsibilities. The property is zoned DD and sits on a highly visible corner lot with ample private parking. Built in 1955, this Class B multi-tenant building offers a rare combination of strong cash flow and future upside.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Insurance Agency
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Real Estate Agency
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Law Firm
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Social Service Agency Charitable Organization
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of this zone is to promote downtown district uses.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
DD · Torrington, CTThe intent of this zone is to promote downtown district uses.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The intent of this zone is to promote downtown district uses.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DD in Torrington, CT.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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