898 Main St Winsted, CT 06098
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
TG · Winsted, CTWinsted. 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.