48 Kent Rd - Strip Center

Retail-Commercial for Sale
Catylist Listing ID: 30636889
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 5,750 SF
Gross Building Area: See Agent
Sale Price: $449,500
Unit Price: $78.17 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/15/2021

Overview / Comments

Newly listed, hard to find retail building for sale! This small retail strip is owned by the operators of New Milford’s long-standing restaurant/bar, S. J. Barrington’s Cafe. The owners are selling the restaurant along with the entire 5,750 s.f. building which has three additional units.

Two units are occupied by long-term tenants and the third unit is currently vacant. Both tenants are month-to-month which provides great flexibility to buyers who want to secure the tenants long-term or reconfigure the spaces for their own use. This is a fantastic opportunity for an owner/user who can use additional rental income or an investor who can attract tenants to a great location for an income-producing property.

48 Kent Road is in a great location directly on Route 7 with visibility to over 12,000 cars on average per day. The property is minutes from the Big Y shopping center and New Milford Green, while having easy access to all New Milford, Kent, and Brookfield. The property is zoned B-1 which allows for many retail service-based uses.

The property is being sold for $449,500 with yearly taxes of $10,105. The building provides many opportunities for any buyer. Call Chris Cosio and Michael Struna at 203-798-9345 to discuss your real estate needs today!

Additional Details

Nearest MSA: Torrington
County: Litchfield
Tax ID/APN: 35.1/36
Retail Clientele: General, Business, Recreation, Other
Property Located Between: Directly on Route 7 right after Route 202/ Bridge Street going North
Property Visibility: Excellent
Largest Nearby Street: Route 7
Feet of Frontage: 115
Traffic/Vehicle Count: 12,547
Highway Access: Route 7 to I-84
Airports: Danbury Municipal Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Poor
Year Built: 1966
Roof Type: Flat
Construction/Siding: Wood Siding
Total Parking Spaces: 50
Parking Type: Surface
Parking Description: Paved parking lot
Sprinklers: None
Heat Type: Propane
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: B-1 Restricted Business Zone is to allow service businesses in locations convenient to the general population on highways which are able to accommodate the traffic associated with such uses.
In Flood Plain?: Yes
Water Service: Well
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,560 20,144 33,851
Median Age: 40.1 41.42 42.75
Households: 1,409 7,744 12,958
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