253-257 Main St

10,000 SF 100% Leased Office Building Torrington, CT 06790 $1,270,000 ($127/SF) 8.24% Cap Rate

INVESTMENT HIGHLIGHTS

  • Downtown Location on a High Traffic Intersection
  • Extensively Renovated - Little to no Deferred Maintenance
  • Extremely Stable Income - Fully Leased to a Wide Variety of Professional Tenants

EXECUTIVE SUMMARY

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.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
10,000 SF
Building Class
B
Year Built/Renovated
1955/2024
Price
$1,270,000
Price Per SF
$127
Cap Rate
8.24%
NOI
$104,648
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,000 SF
Building FAR
0.88
Lot Size
0.26 AC
Zoning
DD - Downtown District
Parking
21 Spaces (2.1 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • Lower Level-Ste 002
  • 550 SF
  • Office
  • -
  • Mar 2025

The Delaney Building at 257 Main Street in Torrington offers prime suites to give your business the exposure and customer accessibility you need to succeed. The building is located right on the curbside of one of the busiest intersections in town with over 7,000 cars passing by on a daily average. - UNIT 002 AVAILABLE - 550 SQFT LOWER LEVEL SUITE - $600 PER MONTH ALL INCLUDED - Interior and exterior signage opportunities (Make your business stand out!) Onsite parking with overflow parking available, surveillance system inside and out of the property, bi-weekly building trash pickup, lobby mailboxes, vending machine, landscaping/plowing, newly renovated common areas plus many more updates / renovations performed to overall building! -Easy access to Downtown Torrington services like municipal/legal departments and courts, shipping/postal services, parks, courthouses, food, coffee and more -Office use only, non-residential These suites are the perfect spot to start or move your business! This building is located right in the center of Torrington and can absolutely provide the exposure needed to boost or jumpstart your business.

Space Size Space Use Condition Available
Lower Level-Ste 002 550 SF Office - Mar 2025

Lower Level-Ste 002

Size
550 SF
Space Use
Office
Condition
-
Available
Mar 2025
Walk Score®
Very Walkable (87)
  • Listing ID: 32291839

  • Date on Market: 6/29/2024

  • Last Updated:

  • Address: 253-257 Main St, Torrington, CT 06790