Property profile

898 Main St Winsted, CT 06098

OFF-MARKET
Turn key restaurants
Property ID
US15-1062476
800 SF 0.35 ac lot Built 1955
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity in Winsted, Connecticut, presents two combined commercial parcels totaling 1.43 acres along Route 44. The first parcel, encompassing 1.08 acres, includes a 648 sq. ft. masonry building suitable for retail or takeout food service, reflecting its past uses. The second parcel, spanning 0.35 acres, features an 800 sq. ft. building with a history as a bar and cafe. A significant portion of the property extends across Indian Meadow Brook, offering unique expansion possibilities. The addition of a footbridge could create exciting opportunities for outdoor seating, expanded retail space, or other creative ventures. This prime location at the west end of Winsted provides high visibility and substantial daily traffic, serving as a gateway for traffic entering the town. The property is zoned Gateway, allowing for a variety of uses. The asking price is $319,900, with an occupancy date of October 1, 2024. This property is ideal for entrepreneurs seeking a high-impact location with significant redevelopment potential. The combined parcels offer a unique blend of existing structures and expansion opportunities, making it an attractive investment for a variety of business ventures.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1955
Construction FRAME
Total area 800 SF
Lot 0.35 ac (15,246 SF)
Zoning code TG
APN WINC M:106 B:103 L:010-1
UPID US15-1062476

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

898 Main St Winsted, CT 06098
Winsted metro Census 320102 TORRINGTON, CT MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2025
Last sale
$265,000
6 recorded transactions
2025
$250,000
2022
$265,000
2011
$1
2007
$105,000
2007
$1
1997
$110,000

Zoning & alternative use

TG · Winsted, CT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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