Catylist ID:
#767009
43 Main Street - New Milford
Shopping Center
for Sale
Also listed as Retail-Commercial, Office
| Catylist Listing ID: | 767009 |
| Property Subtypes: | Community Center, Mixed Use, Neighborhood Center, Power Center, Strip Center, Other |
| Building Size (RSF): | 21,150 SF |
| Gross Building Area: | 2,150 SF |
| Gross Land Area: | 0.98 Acres |
| Sale Price: | $2,975,000 |
| Unit Price: | $140.66 PSF |
| Ceiling: | 14 ft. |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Building Name: | 43 Main Street - New Milford |
| Usable Size (USF): | 21,150 SF |
| Sale Terms: | Cash to Seller, Purchase Money Mortgage |
| Last Updated: | 1/17/2021 |
Overview / Comments
|
Fantastic investment opportunity available for $2,975,000 located directly on the historic “New Milford Green.” The estimated Net Operating Income for 2020 is $193,467! New leases include Domino's Pizza, Johanna's restaurant expansion and extension, The News-times relocation and extension, and the Physical Therapy Group. An additional 3,150 s.f. lease was completed for the third location of BD Provisions with their opening scheduled for December 2020. 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. There are currently two vacant spaces. Both spaces are in the rear of the building with their own private entrances and access to the parking lot. The first-floor space is 4,775 s.f. and the second-floor walkup is a former karate studio that is 3,480 s.f. 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
Additional Details
| Nearest MSA: | Torrington |
| County: | Litchfield |
| Submarket Type: | Central Business District |
| Taxing Authority: | Town of New Milford |
| Tax ID/APN: | 35.2/228 |
| Zoning: | V-C |
| Market Type: | Medium |
| Retail Clientele: | General, Family, Business, Tourist |
| Side of Street: | South |
| Road Type: | Paved, 2-Track |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Main Street |
| Transportation: | Bus, Highway, Taxi |
| Highway Access: | Near Route 202 and Route 7 |
| Airports: | Danbury Municipal |
| Area Description: | The historic "On the Green" area of banks, attorney's and retail. Near Town Hall and New Milford hospital. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Property Condition: | Good |
| Year Built: | 1970 |
| Year Renovated: | 2018 |
| Roof Type: | Flat |
| Construction/Siding: | Brick, Concrete, Metal/Glass, Steel Frame |
| Exterior Description: | New exterior skin |
| Parking Type: | Surface, Other |
| Parking Description: | Combination of municipal and private parking. |
| Total Parking Spaces: | 35 |
| Heat Type: | Electricity, Natural Gas |
| Heat Source: | Heat Pump |
| Air Conditioning: | Engineered System |
| Internet Access: | DSL |
| Interior Description: | Space is currently available for possible subdivision for tenant spaces. |
| Zoning Description: | V-C Village Commercial |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Electric Lines, Utilities |
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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