52 Norwood St Torrington, CT 06790-4632
- Warehouses
- 80,388 SF
- 3.50 lot acres
Current Use by Public Records
- M-FAB LLC / Manufacturer
Property Details for 52 Norwood St
- Year built
- 1889
- Construction
- STEEL FRAME
- Lot size
- 3.50 lot acres
- Property size
- 80,388 SF
- Zone code
- I
- Property type
- Warehouses
- APN
- TORR M:119 B:003 L:002
- APU
- TORRM119B003L002
Description
This exceptional industrial property, located at 52 Norwood Street in Torrington, Connecticut, presents a significant investment or end-user opportunity. Comprising 80,388 square feet of vacant warehouse and manufacturing space, this property offers substantial potential. The two-story building, constructed in 1889, sits on a 4.61-acre lot and features three loading docks, a 14-foot ceiling height, a wet sprinkler system, LED lighting, and heavy power. The property is zoned for industrial use and provides significant parking. Its convenient location near Routes 4, 8, and 202 offers excellent access to regional transportation networks. The asking price is $1,650,000, translating to $20.53 per square foot. This property is ideal for businesses seeking a large, well-equipped space in a strategic location. The vacant status allows for immediate occupancy and customization to suit specific operational needs. With its substantial size, ample parking, and desirable features, this property represents a compelling opportunity within the Torrington industrial market. The property's history and current configuration make it suitable for a variety of manufacturing and warehousing operations. The substantial lot size also offers potential for future expansion or development.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $730,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $865,000
- 6.5%
- $725,000
- 7%
- $755,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $770,000
- Geo Method
- $840,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $840,000
- Retail
- $670,000
- Mixed-Use
- $675,000
- Hospitality
- $740,000
- Educational
- $680,000
- Residential Income
- $810,000
- Energy
- $925,000
- Income-Based Land
- $880,000
- Food Service
- $705,000
Location Insight
- Map
- Local Demand
- City
- Torrington
- County
- Litchfield
- State
- Connecticut
- Longitude
- -73.1262
- Latitude
- 41.8102
- CBSA code
- 45860
- CBSA name
- TORRINGTON, CT MICROPOLITAN STATISTICAL AREA