392 Torrington Rd Litchfield, CT 06759-2702
This exceptional investment opportunity in Litchfield, CT, presents two distinct buildings on a 1.3-acre commercially zoned lot. The prominent front building, a 1,440-square-foot retail space constructed in 1963, currently operates as a successful eat-in restaurant/takeout deli under a lease generating $1,900 per month, expiring next year. This provides immediate income potential. The rear building, a 3-bedroom, 2-bathroom single-family ranch house built in 1979, offers additional income possibilities. Currently occupied rent-free by a family member, a recent appraisal estimates market rent at $2,750 per month. The total property encompasses 2,946 square feet, presenting a versatile combination of established commercial space and residential potential. The location on Torrington Road offers excellent visibility and accessibility. This property is ideal for investors seeking a blend of immediate income and future development opportunities, allowing for diverse strategies to maximize returns. The flexible zoning allows for a variety of uses, making this a truly unique and attractive investment. The property's size and layout provide ample room for expansion or modification to suit future business needs. This is a rare chance to acquire a well-situated, income-producing property with significant upside potential.
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The Ripe Tomato Deli Food Market Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
C202 · Litchfield, CTLitchfield. 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.