3 West StreetLitchfield, CT 06759MLS Number 24042392

  • Price: $3,500,000
  • 31 Days on Market
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Federal 30-year interest rate: 6.12% last updated on Oct 3, 2024
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  • 0.23Acreage
  • 2Bathrooms
  • 1887Year Built
  • 14,215Square Feet

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Own a signature part of Litchfield CT historic downtown commercial district. This historic 2/3 story building, located at the corner of West and South Street, includes twelve tenants, many of whom are long-term tenants. The property has been well maintained by the same owner over many years. Over 12,900 square feet of rentable space on the 1st, 2nd, and basement floors and the potential to expand the 3rd floor into other space. At one time the 3rd floor was a usable theater space. Fabulous exposure in Litchfields thriving downtown and ample street parking and sidewalks.
Listed by Timothy Drakeley of Drakeley Real Estate,Inc.

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Basic Information

  • Broker NameDrakeley Real Estate, Inc.
  • List Price$3,500,000
  • MLS Number24042392
  • Property TypeCommercial For Sale
  • StatusACT
  • TownLitchfield
  • Gross annual expense$108,940
  • Gross annual income$216,177
  • MLS StatusActive

Interior

  • Interior featuresWindow Display

Exterior

  • Exterior featuresSidewalk, Awnings, Door Sign

Utilities

  • Heat SystemBaseboard, Radiant, Other
  • Heating FuelElectric, Propane
  • Utilities availableElectric, Telephone, Cable
  • Water sourcePublic Water Connected
  • Cooling SystemCentral Air, Split System, Wall Unit
  • Electric Amperage400
  • Sewage systemPublic Sewer Connected
  • Electric Num of Services12
  • Sewer usage fee annual3468

Tax Information

  • Assessed value$1,500,770
  • Tax YearJuly 2024-June 2025
  • Tax district amount$3,752
  • Milrate total19
  • Taxes$30,466

Building

  • FoundationConcrete, Stone
  • RoofMembrane, Rubber
  • Year Built1887
  • Half Baths2
  • Bathroom2
  • Square Feet14,215
  • Restrooms number of7
  • Sqft office4358
  • Sqft retail9842
  • Stories3

Basic Information

  • Agent IDDRAKELTI

Location

  • CountyLitchfield
  • LocationDowntown, Historic Area, Retail Corridor
  • StateCT
  • Zip06759
  • Building Number3

Property

  • Acreage0.23
  • Lot DescriptionCorner Lot, Dry
  • Parking Spaces
  • Business includedNo
  • Road Frontage166
  • Road Frontage DescriptionState Road, Municipal Street

Amenities

  • Other AmenitiesBasement

Other

  • Date Listed09/06/2024
  • Documents AvailableBrochure, Demographic Data, Legal Description, Photo/Survey, Plot Plan/Survey
  • SubdividableYes
  • Net operating income110349
  • Present useretail, office
  • Potential useretail, office
  • View Count4
Sotheby's International Realty | William Pitt
Sotheby's International Realty | William Pitt
Office: 203-796-7700
112 Federal Road
Danbury, CT 06811

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