Investment opportunity! Building for sale!! Torrington CT! Asking price $899, 900 This iconic 8, 000+ square foot, three-story building, centrally located in downtown Torrington, is a standout opportunity. Recently fully renovated, it features brand new windows that open up to enhance street visibility. The first floor houses a well-known restaurant with a full bar, a large kitchen, and two bathrooms. Guests can enjoy outdoor dining on a spacious patio with access from both the restaurant and the 17 car parking lot. The front entrance also boasts a nice patio. The second floor is a versatile venue space, accommodating up to 100 seated guests and equipped with two bathrooms, music system, and dj lighting and various seating lighting. The third floor offers office space, storage, and significant potential for additional uses, complete with 2 more bathrooms and 4 bedrooms. The property includes a private parking lot with 17 spots and a patio that can host 10-12 tables. Conveniently, this property is just 24 miles from Bradley International Airport and approximately 17 miles from Waterbury Train Station. Nearby attractions in Torrington include the Torrington Historical Society, the Warner Theatre, the picturesque Burr Pond State Park, Five Points Arts gallery and Nutmeg Conservatory!
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$899,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,920 | $719,920 | $719,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $1,706 | $1,706 | $1,706 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,144 | $4,550 | $6,075 |
Total Monthly Payment | $5,942 | $6,348 | $7,873 |
* 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.