507 Main St Torrington, CT 06790-5606
- Office buildings
- 27,126 SF
- 1.70 lot acres
Current Use by Public Records
- Naylor James E DDS / Dentist
- Oliver Taeb LLC / Psychotherapist / Addiction Treatment Center
- All About You Homecare / Home Health Care Service
- Trantolo & Trantolo, LLC / Legal Services / Medical Lawyer
- care transitions llp / Consultant
Property Details for 507 Main St
- Year built
- 1940
- Construction
- STEEL FRAME
- Lot size
- 1.70 lot acres
- Property size
- 27,126 SF
- Zone code
- LB
- Property type
- Office buildings
- APN
- TORR M:125 B:009 L:001
- APU
- TORRM125B009L001
Description
This three-story, Class B office building, located at 507 E Main St, Torrington, CT 06790, offers 25,233 rentable square feet in a highly visible location. Situated at the intersection of Routes 4 and 202, with convenient access to Route 8 North and South, this property boasts a daily traffic count of 23,500 vehicles on East Main Street, ensuring excellent tenant visibility and potential signage opportunities. The building features 100 parking spaces and elevators. Multiple suites are available for lease, ranging from a minimum of 694 square feet to a maximum contiguous space of 4,178 square feet, making it suitable for a variety of businesses. The property sits on 1.7 acres of land and is zoned LB. The building is currently undergoing capital improvements to attract new tenants and revitalize this prime office center in Litchfield County. This is a multi-tenant building suitable for traditional office or medical office uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $725,000
- 6.5%
- $695,000
- 7%
- $735,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $785,000
- Geo Method
- $805,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $675,000
- Retail
- $875,000
- Mixed-Use
- $685,000
- Hospitality
- $630,000
- Educational
- $710,000
- Residential Income
- $795,000
- Energy
- $735,000
- Income-Based Land
- $690,000
- Food Service
- $720,000
Location Insight
- Map
- Local Demand
- City
- Torrington
- County
- Litchfield
- State
- Connecticut
- Longitude
- -73.1111
- Latitude
- 41.8077
- CBSA code
- 45860
- CBSA name
- TORRINGTON, CT MICROPOLITAN STATISTICAL AREA