73 Ctr St Torrington, CT 06790-5586
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DD · Torrington, CTTorrington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.