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$320,000 Just Listed
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Property Description
This is a well-established and highly reputable restaurant INCLUDING the real estate in the heart of Torrington, CT. Operating successfully for over 42 years, Nicholas Pizza is a beloved establishment and offers a strong and consistent revenue stream from dine-in, take-out, and delivery. The property is ideally situated on a high-traffic road near the center of Torrington and features ample parking, making it easily accessible for customers. The sale includes the business AND the real estate, as well as ALL furniture, fixtures, equipment, and inventory. Also included are the rights to the business name, phone number, website, proprietary recipes, and other intellectual property. The current owner is committed to ensuring a smooth transition and is willing to remain on a part-time basis to assist with training, if desired. With a loyal customer base, this is a true turnkey opportunity offering immediate cash flow and long-term potential. Schedule a private showing and learn more about this outstanding opportunity to own your own business and to be your own boss.
Full Property Details
Full Property Details for 88 Water St
General
- Price: $320,000
- Taxes: (July 2025-June 2026)
- Status: Active
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24161154
- Updated: 4/1/2026
- Added to Site: 1 day(s) ago
Business
- Business Included: Yes
Interior
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Half Bathrooms: 2
- Restrooms: 2
Exterior
- Exterior Features: Sidewalk, Door Sign
Location
- County: Litchfield
- Driving Directions: Call or email agent
- Traffic Count: 100000
Heating & Cooling
- Cooling Type: Split System, Wall Unit
- Heating Type: Hot Air, Gas In Street
- Heating Fuel: Gas In Street
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Electric, Gas, Telephone, Cable
Structural Information
- Roof: Other
- Square Feet: 1,510
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Restaurant
- Year Built: 1930
Unit Information
Unit 1
- Unit Description: Retail
- Total Bathrooms: 2
- Partial Bathrooms: 2
Lot Features
- Lot Size (Acres): 0.07
- Frontage: Municipal Street
- Present Use: Restaurant
- Zoning: DD
- Lot Description: N/A
Financial Considerations
- Assessment Amount: $91,070
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: Other
- Property ID: 887136
Listed by William Raveis Real Estate, Curt Henderson
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Schools
Schools serving 88 Water St
School District:Torrington School District
| Name | Grades | Distance |
|---|---|---|
Vogel-Wetmore School 68 Church Street, Torrington, CT 06790 | K-3 | 0.1 mi |
Southwest School 340 Litchfield Street, Torrington, CT 06790 | 4-5 | 0.5 mi |
Torrington Middle School 200 Middle School Drive, Torrington, CT 06790 | 6-8 | 3.5 mi |
Torrington High School 50 Major Besse Drive, Torrington, CT 06790 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 88 Water St
Date
Details
Price
Change
Source
4/01/2026
Listed
$320,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 88 Water St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,502
-16%
$91,070
5%
2023
$4,153
—
$86,580
—
2023
$4,152
2%
$86,580
—
2022
$4,081
2%
$86,580
—
2021
$3,997
—
$86,580
—
2020
$3,997
-1%
$86,580
-1%
2019
$4,033
—
$87,350
—
2018
$4,033
1%
$87,350
—
2017
$3,996
—
$87,350
—
2016
$3,996
—
$87,350
—
2015
$3,996
11%
$87,350
-12%
2014
$3,586
5%
$98,740
—
2011
$3,403
—
$98,740
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 88 Water St
88 Water Street, Torrington, CT 06790 (MLS# 24161154) is a Commercial property. 88 Water Street is currently listed for $320,000 and was received on April 01, 2026. Want to learn more about 88 Water Street? Do you have questions about finding other Commercial real estate for sale in Torrington? You can browse all Torrington real estate or contact a Coldwell Banker agent to request more information.

