10 Railroad StreetNew Milford, CT 06776MLS Number 170477744

  • Price: $1,799,000
  • 52 Days on Market
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Federal 30-year interest rate: 5.3% last updated on May 12, 2022
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10 Railroad Street New Milford CT 0677610 Railroad Street New Milford CT 0677610 Railroad Street New Milford CT 0677610 Railroad Street New Milford CT 0677610 Railroad Street New Milford CT 06776
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  • 0.31Acreage
  • 1905Year Built
  • 11,581Square Feet

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Historic, Youngs Hotel. Iron Rail Restaurant on first floor, 27 rooms rented on a weekly basis on second and third floor. Most tenants stay longer than one week at a time. Additional storage room and office. All rooms are furnished and include Cable TV, refrigerator, microwave oven & Wi-Fi. Located in the heart of the dining and business district & across from the historic New Milford train station. Some tenant parking on site, ample free parking near by and additional garage to rent or for storage. This investment can be managed with 20 hours per week according to seller. Additional information is available. AGENT RELATED TO SELLER.
Listed by Jehad Sabbagh of William Raveis Real Estate

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Basic Information

  • Broker NameWilliam Raveis Real Estate
  • List Price$1,799,000
  • MLS Number170477744
  • Property TypeCommercial For Sale
  • StatusACT
  • TownNew Milford
  • Virtual TourView Tour
  • Commercial catagoryResidential Income, Retail
  • Also for leaseNo
  • MLS StatusActive

Exterior

  • Exterior featuresAwnings

Utilities

  • Heat SystemBaseboard
  • Heating FuelElectric
  • Utilities availableElectric, Gas, Cable
  • Water sourcePublic Water Connected
  • Cooling SystemCentral Air
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

Tax Information

  • Assessed value$646,980
  • Taxes$18,096
  • Tax YearJuly 2021-June 2022
  • Milrate base27
  • Milrate total27.97

Building

  • FoundationNone
  • RoofRubber
  • Year Built1905
  • Building ConstructionOther
  • AtticNo
  • Garage Spaces
  • Garage Parking InfoDetached Garage, Unpaved
  • Square Feet11,581
  • Restrooms number of8
  • Sqft retail3260
  • Stories3
  • Additional space availableNo

Auction

  • Bank owned propertyNo

Basic Information

  • Agent IDB7104

Location

  • CountyLitchfield
  • LocationDowntown
  • StateCT
  • Zip06776

Property

  • Acreage0.31
  • Lot DescriptionZero Lot Line
  • Parking Spaces
  • Parking spaces covered
  • Parking spaces uncovered
  • Parking spaces per 1000sqft
  • FloodzoneNo
  • Business includedNo
  • Road Frontage DescriptionMunicipal Street
  • SwimmingpoolNo

Other

  • Documents AvailableLead Disclosure, Other
  • Lease purchaseNo
  • Purchase optionNo
  • Inventory includedNo
  • Space is leasedNo
  • Present useRestaurant & rooming house
  • View Count3
Sotheby's International Realty | William Pitt
Sotheby's International Realty | William Pitt
Office: 203-796-7700
112 Federal Road
Danbury, CT 06811

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