425 Litchfield RoadNew Milford, CT 06776MLS Number 170580357

  • Price: $1,075,000
  • Est. Mortgage of $/month
  • 243 Days on Market
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Federal 30-year interest rate: 6.9% last updated on Feb 22, 2024
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425 Litchfield Road New Milford CT 06776425 Litchfield Road New Milford CT 06776425 Litchfield Road New Milford CT 06776
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  • 29.3Acreage

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Price reduced for this Development opportunity property on the Market and available for sale for a well located 29.3 acre multi-zoned commercial and residential property with the option to purchase a 7acre B-2 zoned commercial parcel portion of the property. Located just minutes North of Downtown New Milford, CT with easy access from Fairfield County directly on high traffic CT Route 202 in Litchfield County. The 425 Litchfield Rd. property is comprised of 29.3acres including approximately 15acres in the B-2 General Business (Commercial) Zone and 14.3acres in the R-40 Residential zone. The property is adjacent to CT Route 202 on Litchfield Rd in the Town of New Milford. The 29.3acre property has the opportunity to develop for both residential and commercial uses including single and multi-family type residential units. Available is a feasibility concept study subject to approval showing the potential to construct an approximate 10,000 building on the site. In addition, it is feasible to divide the 7acre parcel to build Two 10,000sf 2 story buildings with 5,000sf footprints. The property has approximately 1,700' of road frontage directly on Route 202 with a high traffic count. Approximately 15 Acres is zoned B-2 allowing numerous Industrial, and commercial uses including Warehousing, Manufacturing, Retail, Offices, Auto Sales and Repair, Contractor shop and storage. A new A-2 survey map has been completed for additional feasibility planning. Owner Financing Available.
Listed by George F. Walker of Advantage Realty,Inc.

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More Info

Basic Information

  • Acreage29.3
  • StatusACT
  • List Price$1,075,000
  • Broker NameAdvantage Realty, Inc.
  • Agent IDWALKERGE
  • Virtual TourView Tour
  • Number of Lots2
  • Property subtypeCommercial Land
  • Property TypeLots and Land For Sale
  • MLS Number170580357
  • MLS StatusActive

Amenities

  • Other AmenitiesWaterfront

Tax Information

  • Milrate total28
  • Tax YearJuly 2021-June 2022
  • Assessed value$82,500
  • Taxes$2,300

Building

  • New construction typeNo/Resale

Property

  • Lot Description
    • Cleared
    • Dry
    • Lightly Wooded
    • May be Subdividable
    • Open Lot
    • Sloping Lot
  • LotimprovementsApproved Building Lot, Approved Subdivision, Lot Staked, Rough Graded
  • Parking Spaces
  • Road Frontage1700
  • Road Frontage DescriptionU.S. Highway, State Road, Paved Road

Other

  • ZoningR-40 + B-2
  • SubdividableYes
  • Documents AvailableFeasibility Study, Percolation Test, Topographical Survey
  • Acceptable financingOwner Financing
  • Date Listed06/27/2023
  • Possession availabilityimmediate
  • View Count18

School Information

  • Elementary SchoolPer Board of Ed
  • High SchoolPer Board of Ed

Location

  • StateCT
  • Building Number425
  • StreetLitchfield Road
  • TownNew Milford
  • Zip06776
  • CountyLitchfield
  • LocationHighway Access, Rural

Utilities

  • Utilities availableElectric Available, Cable Available
  • Water sourceWell Required
  • Sewage systemSeptic

Water Body

  • Waterfront DescriptionNot Applicable
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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