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53 McDermott Ave
Torrington, CT 06790
Lot B Redevelopment Sale · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Property is diagonally across the street from the area's only multiscreen theater.
- Site is suitable for retail, office, industrial, recreational use or apartments.
EXECUTIVE SUMMARY
Very rare opportunity to develop approximately 1.73 acres of raw land on McDermott Street in Torrington, CT. The property is adjacent to The Higher Collective cannabis shop and diagonally across the street from the areas only multiscreen theater. Other traffic drivers include Planet Fitness, Ocean State Job Lots, Harbor Freight, Price Rite, Mcdonalds, CVS and others. They can't all be wrong! McDermott Street is a busy pass thru from Main Street to Route 4, also known as North Elm Street. Multiple office and industrial buildings are expected to be built less than a 1/4 mile away at the site of the former Torrington Company. This site is suitable for retail, office, industrial, recreational (pickleball?) or apartments. Possible build to suite opportunities as well.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,800 SF
Building Class
C
Year Built
2007
Price
$675,000
Price Per SF
$99.26
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
2.41 AC
Zoning
LB
Parking
80 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
200’ on McDermott Avenue
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Air Conditioning
PROPERTY TAXES
| Parcel Number | TORR-000119-000006-000012 | Improvements Assessment | $512,330 |
| Land Assessment | $65,800 | Total Assessment | $578,130 |
PROPERTY TAXES
Parcel Number
TORR-000119-000006-000012
Land Assessment
$65,800
Improvements Assessment
$512,330
Total Assessment
$578,130
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