Contacts
Zach Pranger
Group Realty LLC
Property Details
- Property Type Office
- Property Size 7,238 SF
- Lot Size 0.26 Acre
- Cap Rate % 7.8
- Additional Rent Contact for pricing
- # of Floors 3
- Average Floor Size 2,500 SF
- Property Tenancy Multi-Tenant
- Building Class B
- Year Built 1955
- Year Renovated 2024
- Date Updated Jun 29, 2024
- Building Hours 24/7
- Visibility/Traffic Count (VPD) 16,000
Incredible Investment Opportunity directly in Downtown Torrington featuring extremely stable income at above market returns and extremely low operating costs. The property sits just steps away from city hall on an EXTREMELY high traffic corner parcel intersection in Downtown Torrington with excellent visibility (16,000 VPD count), easy pedestrian and vehicle accessibility with a private parking lot with overflow and 16 cash flowing units. Benefit from an extensive 2024 renovation providing little to no deferred maintenance. Property features city water/sewer, gas, new common area mailboxes, upgraded interior/exterior surveillance systems, energy efficient tinted windows, new LED Lights, a new roof, new flooring/carpeting, and all new HVAC units and mechanicals. The thriving Torrington economy provides a very high absorption rate and as a result, the property is 100% leased to a wide variety of tenants (lawyers, tax professionals, insurance, salon, roofing contractors, therapists, board games, recording studio, stretch therapy, etc). Value add potential for anyone looking to turn all the below market leases to NNN, rooftop opportunities for billboards and cell towers. Property is just minutes from Charlotte Hungerford Hospital and the Litchfield County Courthouse, creating an ideal workplace for legal and healthcare professionals. Great for Passive Income/Absolute Minimum Landlord Responsibilities.
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Highlights
- Downtown Torrington
Getting around
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89/100
Walk Score ®
-
48/100
Bike Score ®
Location
- City Torrington, CT
- Zip Code 06790
- Market Bridgeport New Haven
Points of Interest
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Mobil
0.49 miles
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Irving
0.51 miles
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Cumberland Farms
0.67 miles
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BJ's
1.69 miles
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Shell
5.76 miles
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Sunoco
5.79 miles
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Stop & Shop Gasoline
8.06 miles
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Citigo
8.66 miles
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Connecticut Park and Ride
0.40 miles
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City of Torrington Street Division Garage
0.88 miles
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Harwinton Town Garage
4.74 miles
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Jones Mountain Parking
8.11 miles
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Lot F
8.70 miles
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Yankee Pedlar Inn
0.23 miles
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Days Inn
0.58 miles
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Americas Best Value Inn Torrington, CT
1.43 miles
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ALDI
0.31 miles
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Stop & Shop
0.46 miles
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JCPenney
0.46 miles
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TJ Maxx
0.51 miles
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Price Rite
0.73 miles
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Big Y
1.49 miles
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Walmart
2.41 miles
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Market32
2.44 miles
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Target
2.52 miles
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Big Lots
2.57 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Zach Pranger
Group Realty LLC
