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Property profile & analytics
OFF-MARKET
Gas stations

705 Migeon Ave Torrington, CT 06790-4551

1,960 SF 0.32 ac lot Built 1960
Individually Owned 36-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US15-0266090
Property summary
AI-generated overview

This exceptional 1,960 square foot freestanding commercial building, located at 705 Migeon Avenue in Torrington, Connecticut, presents a unique investment opportunity. Previously utilized as a Cumberland Farms gas station and convenience store, this property is now available for a diverse range of retail uses, free from any deed restrictions. The site encompasses 0.32 acres of land, providing ample space for various business operations. All necessary environmental clearances have been obtained following the complete removal of underground storage tanks, ensuring a smooth transition for any prospective buyer. Benefitting from a highly desirable location, the property enjoys excellent visibility and accessibility due to its proximity to major highways, thriving shopping centers, and popular restaurants. The high daily traffic count of approximately 10,500 vehicles ensures significant exposure for any business operating from this address. The asking price is $699,000, and the seller is willing to explore various financing options to facilitate a seamless purchase. The property is being sold in its current "as-is" condition. This presents a rare chance to acquire a well-situated commercial property with significant potential in a bustling area of Torrington.

Property profile
Verified
Property type Gas stations
Use group GAS STATION
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,960 SF
Lot 0.32 ac (13,939 SF)
Zoning code LB
APN TORR M:108 B:009 L:034
UPID US15-0266090
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Citizens ATM Atm
  • Cumberland Farms Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Cumberland Farms · 36 yrs held
Cumberland Farms
since 1989
1 recorded transaction
1989
Price N/A
Zoning & alternative use
LB · Torrington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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