Smart MLS #24029135
257 Main St,
Torrington, CT 06790
☆
For Sale
Commercial$1,270,000
7238 Sqft · 16 Units · INVEST,OFFICE,RETAIL
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.
Map
Listing
Market Stats
- List $1,270,000
- Original $1,300,000
- 272 Days on Market
Real Estate Agent
Details
Building
- Built 1955
- 16 Units
Sqft
- 7238 Total Sqft
Lot / Land
- 0.26 Acres
- 900 Neighborhood
- TOWN
Utilities
- Hot Water
- Electric
- Central Air
- Public Water
- Public Sewers
Rental
- 11 Tenants
Financials
- $140,833 Gross Income
- $103,980 Net Income
- $36,853 Expenses
Taxes
- Assessment $362,030
- Mill Rate 47.97
- Taxes $17,367
- Parcel Num 882792
Mortgage Calculator
- 30yr Fixed-Rate Loan
- 6.83% Interest
- Purchase Price $1,270,000
- Down Payment $254,000 (20.00%)
Estimated Payment with
30yr Fixed Rate Mortgage
30yr Fixed Rate Mortgage
Monthly
$8,091
$8,091
Monthly Est. $8,091
Yearly Est. $97,094
30yr Est. $2,912,805
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This real estate listing for sale at 257 Main St is presently used as with 7238 total sqft and was built in 1955. It is located in the Torrington, Connecticut area with the 06790 zip code. For more info about the property at 257 Main St, Torrington, CT 06790 United States or if you would like to schedule a showing, please contact the listing agent above.
Disclaimer: This data was sourced from Smart MLS and was last updated 2025-03-28 12:01:35. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.
Disclaimer: This data was sourced from Smart MLS and was last updated 2025-03-28 12:01:35. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.