3 West Street, Litchfield, CT, 06759 | $3,500,000

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. The facility features a brick exterior with a full basement supported by stone and concrete foundation walls. It has a flat or slightly pitched roof with a rubber membrane finish. The windows range from large storefront panes to multi-pane storefront units and double-hung windows, which include both older wooden models and newer thermopane versions. Recently, the main level's storefront windows were replaced. Electrical service is at least 400 amps, multi-phase, and multi-wire, with individual meters for each tenant. The first floor is heated by propane-fired furnaces that provide hot water heat, while most other units use electric baseboard heating. Radiant floor heating is installed in parts of both the main and lower levels. Additionally, some areas have recently been equipped with new mini-split systems installed within the past year. Property History Partial history of the current At The Corner building: Following the devastating fire of 1886, which destroyed just about everything on the street, the town stopped granting permits for wooden commercial buildings in town. The "Phelps Block" was thus built of brick in 1887 by local businessman Eugene Phelps on the site of the former Catlin's Tavern. (The Hunt Block next door was built in 1890. ) The three-story Phelps building had stores on the first floor, offices on the second floor and the "Phelps Opera House" on the third floor. It had seating for 600 (!!), gas and electric lighting and a stage measuring 24' wide by 15' high and 24' deep. (Note the old roofline in the first picture. ) It also was home to the Litchfield Enquirer for a time. The original "Wessells & Gates" druggists opened downstairs in 1888 and "Crutch's Pharmacy, " owned by Aaron Crutch, took over in 1899. In 1919, Crutch took on William Marley as partner and business became known as "Crutch & Marley. " The third floor of the building, including the paper stock & presses of the Litchfield Enquirer, was completely gutted during a fire in 1928. In 1942, one of Crutch's relations, Archie MacDonald established "Crutch & MacDonald. " Robert Doyle bought the business in 1961 and it was eventually closed in 1994.

Features

  • Current Use: retail, office
  • Permitted Use: retail, office
  • Utilities: Electric,Telephone,Cable
  • Heating: Baseboard,Radiant,Other
  • Cooling: Central Air,Split System,Wall Unit
  • Units: 12
  • Zoning: HTC
  • Frontage: State Road,Municipal Street
  • Year Built: 1887
  • Approx Sq. Feet: 14,215
  • Acreage: 0.23
  • Est. Taxes: $30,466
  • Lot Desc: Corner Lot,Dry
  • MLS#: 24042392
  • Days on Market: 82 days
  • Website: https://www.raveis.com
    /prop/24042392/3weststreet_litchfield_ct?source=qrflyer
Copyright © 2024  SmartMLS, Inc.
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Listing courtesy of Drakeley Real Estate, Inc.

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, which receives over 1 billion hits per year
  • 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 ReadeRegional SVP Insurance Sales, 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

3 West Street, Litchfield, CT, 06759

$3,500,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,800,000 $2,800,000 $2,800,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment $2,539 $2,539 $2,539
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $15,898 $17,468 $23,439
Total Monthly Payment $18,562 $20,132 $26,103

* 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.