2021-12-02 08:28, User_1
Truth Factor: N/A
571 Torrington Rd, Litchfield, CT 06759, USA
Claim this property to become verified owner or agent
Property type: ?
Bedrooms: ?
Bathrooms: ?
Receptions: ?
Year built: ?
Total Plot Size: ?
Total Inside Area: ?
Last Sold: OCT 2022
Price: $1250000
What can it be sold for now?
AI think: $1,905,320
Users think: N/A
Agents think: $1,250,000 1 agent(s) valuations found
HPI banks think: $1,324,514
CHAT:
Kinard Realty Group Commercial, Chadwick Ciocci Agent Valuation of this property is 1,350,000 USD
Calling all entrepreneurs! This bed & breakfast / hospitality property has 3 buildings, 20+ bedrooms, a restaurant and bar, 2 commercial kitchens, wine cellar, a ballroom and an incredible amount of untapped business potential. A repositioning plan shows the potential for almost $5M in revenue generation with an arguably conservative business plan. Potential business operations at this property include: hotel rooms, restaurant and bar, weddings, special events, conventions, fairs, a spa and so much more. This property and business are currently underutilized and an owner / operator with the right vision could turn this property in to a regional destination. The Inn is setback from the main road, Torrington Road (Rt202) and comprises a triangular property of 9.9 acres bounded by Torrington Road, Tollgate Road and Wilson Road. The entire rear two thirds of the property is undeveloped and wooded. Some of the trees are tapped for maple syrup which is produced by a small sugar shack about one half mile up Wilson road. The town of Litchfield is know as a quintessential New England Village and the Inn is 2.5 miles from the Litchfield town green. The area is known for its antiques, artisans and outdoors activities, and yet it is within 100 miles of New York City and 130 miles of Boston. Bradley Airport is within a 1-hour drive.
