1144 E Main St - Medical FOR SALE


Torrington, CT 06790
$1,900,000 USD
516-424-1404
1144 E Main St, Torrington, CT for Sale
$1,900,000 USD
Medical - FOR SALE
1/8
null | Request Cap Rate

NEW


1144 E Main St
Torrington, CT 06790


HIGHLIGHTS

  • 1.08 Acre Prime Hard Corner Lighted Intersection Site
  • 6,000+ Sqft Buildings
  • 24,900 VPD Traffic Count
  • Surrounded by National Tenants, including Starbucks next door

OVERVIEW

This exceptional commercial property is strategically positioned along a heavily traveled Main Street, immediately adjacent to a newly constructed 4,000± SF Starbucks. The site benefits from outstanding visibility, strong traffic counts, and a dominant retail trade area anchored by national retailers including Walmart, Target, Home Depot, BJ’s Wholesale Club, Chipotle, Wendy’s, and numerous additional national and regional brands. The property offers flexibility for both owner-users and developers. An end user may occupy the primary freestanding building of approximately 4,750± SF while generating supplemental income from the additional 1,404± SF freestanding building situated on the corner portion of the site. Alternatively, the location presents a compelling redevelopment opportunity suited for a national or regional tenant seeking a premier presence in a proven retail corridor. During the entitlement and planning phase, investors can benefit from existing income streams, including NNN lease payments from SightMD with approximately five years remaining, in addition to revenue generated by the secondary building. This is a rare opportunity to secure a highly visible, income-producing asset in a premier retail location with significant long-term upside.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$317 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Torrington PRIME Development Opportunity

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

LB

APN/PARCEL ID

TORR-000133-000010-000011

ASK ABOUT THIS PROPERTY

Nathan KamaraKW Greater NassauMore Info
516-424-1404

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Nathan KamaraKW Greater NassauMore Info
516-424-1404

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.