50 King St Torrington, CT 06790-6904
- Office buildings
- 3,231 SF
- 0.11 lot acres
Current Use by Public Records
- Friendly Hands Food Bank Inc / Food Bank / Social Services Organization
Property Details for 50 King St
- Year built
- 1987
- Construction
- FRAME
- Lot size
- 0.11 lot acres
- Property size
- 3,231 SF
- Zone code
- R6
- Property type
- Office buildings
- APN
- TORR M:114 B:003 L:020
- APU
- TORRM114B003L020
Description
This unique 3,231 square foot commercial property located at 50 King Street in Torrington, Connecticut, presents a compelling investment opportunity. Previously utilized as a food bank for many years and originally as an office and warehouse for a local construction company, this well-constructed building offers exceptional adaptability. Situated in Torrington's south end, it enjoys convenient access to the town center and major transportation routes, including Routes 8 North and South. The property's substantial square footage provides significant potential for a variety of uses. The building's layout could easily be repurposed for office or distribution purposes, with the option to reinstate an overhead door. Alternatively, its size and layout could be suitable for conversion into a multi-family residential property. The asking price of $294,900 represents an attractive value for the substantial space offered. This property is zoned for commercial use within the Northwest Hills county, and its location in the 06790 zip code offers easy access to local amenities and transportation networks. This adaptable space presents a rare opportunity for investors and entrepreneurs seeking a versatile property in a desirable location. The property is being sold as-is.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $285,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $229,000
- AI Estimate
- $284,000
Market price range: $172k - $392kMarket price range: $193k - $559k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $295,000 Current use
- RETAIL STORES
- $300,000 Change: +2% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Torrington
- County
- Litchfield
- State
- Connecticut
- Longitude
- -73.1162
- Latitude
- 41.7871
- CBSA code
- 45860
- CBSA name
- TORRINGTON, CT MICROPOLITAN STATISTICAL AREA