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444 Prospect Street, Torrington, CT, 06790 | $475,000
Prime Mixed-Use Commercial Building on Attorney Row in Torrington. Seize this incredible opportunity to own a meticulously maintained mixed-use property in the heart of Torrington's professional district. Perfect for owner-occupiers or investors, this property is ready to support a variety of uses while generating additional income. Key Features: First Floor - Professional Space: 1st floor is all office spaces which include a spacious conference room and collaboration space for meetings and team projects. Two office spaces w/ long term legal firm in place. The 1st floor has a common kitchen & half bath, offering flexibility for multiple tenants or businesses. One office has a real estate company and one is currently vacant. Luxury vinyl tile flooring throughout for a modern, durable finish. As well as beautifully distressed/stained old hardwoods. It boasts 3 entrances/exits for flexibility in renting individual units to multiple tenants. A bonus is the coffee/wine bar in the collaboration room. Office can be fully furnished. 2nd Floor - Residential Unit: The 2nd floor residential unit has a private rear entrance. Nicely laid out it also includes a luxury glass and tile shower in an updated bathroom. Updated galley kitchen with butcher block counters, newer appliances. This unit also features two bedrooms, a large living room, and modern finishes, perfect for an owner-occupier or rental income, will be vacant 4-1-26. Additional Amenities: New roof 2022 and high-efficiency natural gas on-demand heating and hot water system installed 2022. Professionally landscaped grounds with three storage sheds for extra storage utility. Ample parking for 15+ vehicles, accommodating clients, tenants, and staff effortlessly. Move-in ready and positioned for success, this property offers incredible versatility for business and residential needs. Whether you're looking to establish your presence in Torrington's bustling professional hub or seeking a lucrative investment, this building is your answer. Schedule your showing today and bring your vision to life! Broker must be present for all showings. Showings must be after 5pm M-F. Residential unit will only be shown after first showing and scheduled with tenant as they work odd hours. Owner is Broker
Features
- Current Use: Office co-share & Residential
- Permitted Use: Office co-share & Residential
- Utilities: Electric,Gas,Telephone,Cable
- Garage: Paved,Parking Lot,Off Street Parking
- Parking: 15-car
- Heating: Hot Water
- Cooling: Ductless,Split System,Wall Unit
- Units: 3
- Zoning: R6
- Frontage: Municipal Street,Paved Road
- Year Built: 1880
- Approx Sq. Feet: 2,440
- Acreage: 0.33
- Est. Taxes: $6,021
- Lot Desc: Dry,Level Lot,Sloping Lot,Cleared
- MLS#: 24153766
- Website: https://www.raveis.com
/prop/24153766/444prospectstreet_torrington_ct?source=qrflyer
Listing courtesy of Turning Point Realty, LLC Phone: (860) 909-1162
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeInsurance Sales Director, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Ray CashenPresident, William Raveis Attorney Network
203.925.4590
For homebuyers and sellers, our Attorney Network:
- Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
requirements, sets up escrows and title insurance, coordinates closing documents - Offers one-stop shopping; to satisfy closing, title, and insurance needs in a single consolidated experience
- Offers access to experienced closing attorneys at competitive rates
- Streamlines the process as a direct result of the established synergies among the William Raveis Family of Companies
444 Prospect Street, Torrington, CT, 06790
$475,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $380,000 | $380,000 | $380,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.345% | 6.533% | 5.783% |
| Monthly Tax Payment | $502 | $502 | $502 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,248 | $2,371 | $3,103 |
| Total Monthly Payment | $2,825 | $2,948 | $3,680 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
CT Mortgage Correspondent Lender License 15524