Catylist ID:
#2014939
43 Main Street-New Milford - Upper Rear
Retail-Commercial
for Lease
| Catylist Listing ID: | 2014939 |
| Property Subtypes: | Mixed Use, Other, General |
| Contiguous Space: | 3,480 SF |
| Building Size (RSF): | 21,150 SF |
| Lease Rate: |
$10 PSF (Annual) |
| Base Monthly Rent: | $2,900 |
| Lease Types: | Modified Gross |
| Last Updated: | 11/12/2020 |
Overview / Comments
|
3,480 s.f.second floor walkup. Private covered entry directly off the main parking lot. Offered at $10.00 s.f. gross plus utilities. Immediate occupancy available, V-C zoning allows numerous retail uses. Ideal for karate studio, dance studio, art gallery, etc. Call Mike Struna to discuss your needs at 203-798-9345 The property is also available for sale at $1,895,000. The projected Net Operating Income for 2019 is $193467! New leases include Domino's Pizza, Johanna's restaurant expansion and extension, The News-times relocation and extension, and the Physical Therapy Group. Another 3150 s.f. for lease is pending. This entire property is now available for sale and the remaining space will be for ready for lease. This is the largest retail property available in the vicinity of “The New Milford Green”. There will be a total of 8,670 s.f. of ground floor space available for lease. There are recently remodeled new front and rear facades, and huge new display windows looking out to the Green. Large windows are also available throughout the entire sub-dividable ground floor space. There is also available a 3,480 s.f. on the upper level that is ideal for a Karate Studio, Dance Studio, or artist loft and gallery. Access is directly from the rear parking lot and space is considered a “walk-up”. Space is offered at $10.00 s.f. gross. There is plenty of on-site parking, angled parking on the green, and a convenient lot from the adjacent Post Office. This 1.02-acre property is located near the New Milford Hospital, the Bank of America, the theater, numerous restaurants, the Post Office, several churches, and all the municipal offices in New Milford. Why should you wait as immediate occupancy is available? The “Village Commercial” zoning allows numerous retail and service uses and you’ll find the Town Departments very cooperative in the permitting process. This would be the ideal location for large restaurants, medical offices, retail and convenience stores, pharmacy, health clubs, and numerous other retail uses. For qualified buyers, the owner is willing to consider holding a first mortgage at 6.00% with a 20-year amortization and a 5-year balloon payment. See the enclosed and newly updated attachment for " Income and Expense". Call J. Michael Struna the exclusive listing broker to discuss these terms and conditions and to make an appointment to visit this exceptional investment opportunity at 203-798-9345. |
Attachments & Media
Expand All Available Space
| Suite: Loft - Walkup | 3,480 SF | $10 PSF (Annual) Modified Gross |
| Level/Floor: | 2 | |
| Space Available: | 3,480 SF | |
| Lease Rate: |
$10 PSF (Annual) $2,900 (Monthly) |
|
| Lease Type: | Modified Gross | |
| Space Description: | 3,480 s.f.second floor walkup. Private coverered entry directly off main parking lot. Offered at $10.00 s.f. gross plus utilites. Plenty of on site parking, angled parking on the green, Post Office parking lot. Located near Webster Bank, Bank of America and the Post Office. Immediate occupancy available, V-C zoning allows numerous retail uses. Ideal for karate studio, dance studio, art gallery, etc. Call Mike Struna to discuss your needs at 203-798-9345. | |
| Space Subcategory: | Strip Center, Neighborhood Center | |
| Date Available: | 10/1/2016 | |
| Lease Term: | 36 Months | |
| Space Type: | Relet | |
| Rent Escalators | Step-Up Lease | |
| Rent Escalators Description | 3% per year | |
Additional Details
| Nearest MSA: | Torrington |
| County: | Litchfield |
| Submarket Type: | Central Business District |
| Taxing Authority: | Town of New Milford |
| Tax ID/APN: | 004336 |
| Zoning: | V-C |
| Market Type: | Medium |
| Retail Clientele: | General, Family, Business, Tourist, Recreation |
| Side of Street: | South |
| Road Type: | Paved, 2-Track |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Main Street |
| Transportation: | Bus, Highway, Taxi |
| Highway Access: | Route 7 North and South and Route 202 |
| Site Description: | Level site located on the "Green" of New Milford. |
| Area Description: | Classic New England setting |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Property Condition: | Good |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Total Parking Spaces: | 35 |
| Parking Type: | Surface |
| Parking Description: | On site park; on the street parking, municipal parking on both front and rear areas, and parking in Post Office parking lot. |
| Heat Type: | Electricity |
| Internet Access: | Cable, DSL |
| Zoning Description: | V-C Village Commercial |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 3,560 | 21,401 | 31,317 |
| Median Age: | 40.1 | 41.82 | 42.42 |
| Households: | 1,409 | 8,300 | 12,013 |
Contact
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