271 & 263 South Main StreetNewtown, CT 06470MLS Number 24036412

  • Price: $1,499,000
  • Est. Mortgage of $/month
  • 127 Days on Market
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Federal 30-year interest rate: 6.81% last updated on Nov 27, 2024
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271 & 263 South Main Street Newtown CT 06470271 & 263 South Main Street Newtown CT 06470271 & 263 South Main Street Newtown CT 06470271 & 263 South Main Street Newtown CT 06470271 & 263 South Main Street Newtown CT 06470
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  • 2.06Acreage
  • 1850Year Built

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TWO adjacent commercial lots totaling 2.06 acres located in a high-traffic area on South Main Street (Route 25) are being sold together as a package deal. The lot at 271 S Main St (parcel ID 361310) is 1.18 acres, and the lot at 263 S Main St (parcel ID 36139) is 0.88 acres. Lot 271 previously housed the "King's Breakfast & Lunch" restaurant, which is now vacant land. While lot 263 contains a 665 Square foot single structure. The location benefits from an approximate daily traffic count of 16,000 cars and is close to shopping centers, restaurants, and highways. Well and septic tanks are in place. Permitted Uses consist of: Retail use, Office building,Printing/publishing establishment, Wholesale business, Warehouse, Light industrial use and/or a Veterinary hospital. Special Exception Uses (require commission approval) consist of: Hotel/motel, Shopping center, Private school, Brewpubs and distilleries. There is potential for a gas station and convenience store, subject to town approval and zoning changes. YOUR INVESTMENT AWAITS! The property is sold as-is.
Listed by Islam Ahmad of Regency Real Estate,LLC

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Basic Information

  • Acreage2.06
  • StatusACT
  • List Price$1,499,000
  • Broker NameRegency Real Estate, LLC
  • Agent ID844044
  • Number of Lots2
  • Property subtypeCommercial Land
  • Property TypeLots and Land For Sale
  • MLS Number24036412
  • MLS StatusActive

Amenities

  • Other AmenitiesWaterfront

Legal

  • Short SaleNo

Other

  • ZoningM-1
  • Traffic count16000
  • Documents AvailableOther
  • Date Listed07/31/2024
  • Possession availabilityBy agreement
  • View Count16

Tax Information

  • Milrate total27
  • Tax YearJuly 2024-June 2025
  • Assessed value$270,060
  • Taxes$7,284

Building

  • Year Built1850
  • FoundationNone
  • RoofOther

Utilities

  • Utilities availableElectric Available, Gas Available, Phone Available
  • Water sourcePrivate Well
  • Heating FuelGas In Street
  • Heat SystemBaseboard
  • Septic approvalYes
  • Septic plan availableYes
  • Sewage systemSeptic

Location

  • StateCT
  • StreetSouth Main Street
  • TownNewtown
  • Zip06470
  • CountyFairfield
  • LocationOther
  • Building Number271 & 263

Property

  • Lot DescriptionAdditional Land Avail., Level Lot
  • LotimprovementsNone
  • Parking Spaces
  • Road Frontage DescriptionMunicipal Street

Water Body

  • Waterfront DescriptionNot Applicable
Sotheby's International Realty | William Pitt

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Sotheby's International Realty | William Pitt
Office: 203-796-7700
112 Federal Road
Danbury, CT 06811

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