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1185 New Litchfield St 10,536 SF 100% Leased Office Building Torrington, CT 06790 $950,000 ($90.17/SF)



INVESTMENT HIGHLIGHTS
- Average Daily Traffic Count is 17,500
- Fully rented, long term tenants
- Highly visible, well-maintained, pride of ownership
EXECUTIVE SUMMARY
Turnkey (commercial) property on one of the region's busiest main arteries, Route 202. Located at 1185 Litchfield Turnpike, a/k/a 1185 New Litchfield St, Torrington and just steps from the Litchfield town line, this 5,248 square foot building on two levels has great curb appeal. Minutes from Charlotte Hungerford Hospital, Keystone, da Capo, Tractor Supply, and more. CT DOT Annual Average Daily Traffic count is 17,500 per day. Great opportunity to invest in a property where businesses want to locate for maximum exposure, ease of commute and access to major routes including Routes 4 & 8. The building is fully occupied with long-term established tenants including a government agency. The property offers signage and parking to accommodate the tenants and their clients. The current owners have taken superb care of this building inside and out, pride of ownership is evident and has eliminated the new owner's need to address deferred maintenance or deficiencies...truly turnkey in every sense of the word. Gross annual rents exceed $140,000.00 making this property a strong investment. Jump in and begin collecting rents, no vacancies to fill, no major improvement or repairs needed. Please call to arrange a private tour, advance notice required, every effort is being made to show the property when the tenants are closed so as not to disrupt their businesses. Listing agent must accompany.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
10,536 SF
Building Class
C
Year Built
1955
Price
$950,000
Price Per SF
$90.17
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,268 SF
Building FAR
0.22
Lot Size
1.10 AC
Zoning
R-6 - Local Business Zone.
Parking
50 Spaces (4.75 Spaces per 1,000 SF Leased)
AMENITIES
- Conferencing Facility
- Reception
- Air Conditioning
PROPERTY TAXES
| Parcel Number | TORR-000101-000001-000006 | Improvements Assessment | $315,280 |
| Land Assessment | $71,050 | Total Assessment | $386,330 |
PROPERTY TAXES
Parcel Number
TORR-000101-000001-000006
Land Assessment
$71,050
Improvements Assessment
$315,280
Total Assessment
$386,330
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1185 New Litchfield St
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