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Property profile & analytics
OFF-MARKET
Investment properties

73 Ctr St Torrington, CT 06790-5586

5,043 SF 0.22 ac lot Built 1933
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US15-0156409
Property summary
AI-generated overview

This exceptional investment opportunity in Torrington, Connecticut, presents a unique blend of commercial and residential income streams. The property encompasses a thriving, established bar, a beloved local landmark, situated on a 0.22-acre lot at 73 Center Street. The bar itself occupies a substantial 5,043 square feet of space, offering significant potential for continued growth and profitability. In addition to the main bar building, the property includes a second building containing six individual one-bedroom rental units, providing a consistent and reliable source of passive income. This dual-income property offers a rare chance to acquire a well-established business with a proven track record alongside a stable rental portfolio. The asking price for this turnkey operation is $1,000,000. The property's prime location in Torrington ensures high visibility and accessibility, attracting both local patrons and tourists. This is an ideal investment for savvy entrepreneurs seeking a diversified portfolio with immediate cash flow and significant long-term growth potential. The combined income generated from the bar and rental units presents a compelling return on investment, making this a truly exceptional opportunity in the vibrant Torrington market. The property is ready for immediate occupancy and operation, requiring minimal capital expenditure to maintain its current high level of performance. Serious inquiries only.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1933
Construction FRAME
Total area 5,043 SF
Lot 0.22 ac (9,583 SF)
Zoning code DD
APN TORR M:117 B:021 L:024
UPID US15-0156409
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
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
Tap House Group LLC · 7 yrs held
Tap House Group LLC
since 2019
5 recorded transactions
2019
Price N/A
2008
$45,000
2004
Price N/A
2003
Price N/A
2001
$120,000
Zoning & alternative use
DD · Torrington, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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