82 Meadow St Litchfield, CT 06759
- Investment properties
- 4,050 SF
- 0.35 lot acres
Current Use by Public Records
- All Within, LLC / Social Worker
- Clean Sweep / Commercial Cleaning Service / House Cleaning Service
- Diane M Saunders, CPA / Certified Public Accountant / Accountant
Property Details for 82 Meadow St
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.35 lot acres
- Property size
- 4,050 SF
- Zone code
- 2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- LITC M:197 B:47E L:23
- APU
- LITCM197B47EL23
Description
This exceptional commercial property, located in the heart of Litchfield's Historic District at 82 Meadow Street, presents a unique investment opportunity. The 4,050 square foot building boasts six offices of varying sizes, currently under lease, providing immediate income potential. Five offices are conveniently situated on the ground floor, with a single office located on the second floor, offering flexibility for various business needs. Adding to its versatility, the property also includes a residential apartment spanning the second and third floors, presenting additional income streams or potential for owner occupancy. The property sits on a 0.35-acre lot, providing ample space and visibility within the bustling Litchfield center. The building's prime location within the historic district ensures high visibility and accessibility for businesses and residents alike. Detailed financial information regarding income and expenses is available upon request and execution of a Non-Disclosure Agreement. Owner financing options are available, making this an attractive proposition for a wide range of investors. This is a rare opportunity to acquire a well-established, income-generating property in a highly desirable location. Don't miss out on this chance to own a piece of Litchfield's vibrant commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $190,000
- 6.5%
- $200,000
- 7%
- $185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $210,000
- Geo Method
- $180,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $180,000
- Retail
- $215,000
- Mixed-Use
- $235,000
- Hospitality
- $190,000
- Educational
- $185,000
- Residential Income
- $200,000
- Energy
- $205,000
- Income-Based Land
- $230,000
- Food Service
- $230,000
Location Insight
- Map
- Local Demand
- City
- Litchfield
- County
- Litchfield
- State
- Connecticut
- Longitude
- -73.1914
- Latitude
- 41.7437
- CBSA code
- 45860
- CBSA name
- TORRINGTON, CT MICROPOLITAN STATISTICAL AREA
