14 Elm StreetNew Milford, CT 06776MLS Number 24140495

  • Price: $639,900
  • 114 Days on Market
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  • 0.29Acreage
  • 3Bathrooms
  • 1800Year Built
  • 3,456Square Feet

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Village Center Jewel! Looking for a flexible, high-potential investment opportunity? Don't let this one pass you by. This well-maintained and updated mixed-use commercial/residential building is located in the highly flexible Village Center (VC) Zone of downtown New Milford and is ready now for immediate occupancy. The upper-level features two residential apartments, each offering 1 bedroom, 1 full bath, and 864 sq ft of living space. The main level is currently configured as three private office spaces with a shared conference room and a kitchen/break room, ideal for professional or co-working uses. The basement level is fully rented for storage, adding steady supplemental income. A massive walk-up attic provides an incredible value-add opportunity-perfect for creating a third and even fourth residential apartment, pending approvals. Outside, the expansive rear parking lot easily accommodates ample parking for both residents and commercial tenants. Located in the vibrant heart of New Milford's Village Center, this property offers myriad uses and exceptional flexibility-a perfect fit for the savvy investor looking to begin or expand their portfolio.
Listed by Todd P. Sargent of Coldwell Banker Realty ((203) 948-1729)

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Basic Information

  • Broker NameColdwell Banker Realty
  • List Price$639,900
  • MLS Number24140495
  • Property TypeCommercial For Sale
  • StatusSHOW
  • TownNew Milford
  • Virtual TourView Tour
  • Gross annual expense$28,711
  • Gross annual income$62,100
  • MLS StatusUnder Contract - Continue to Show

Interior

  • Handicap FeaturesExterior Curb Cuts, Handicap Parking, Hard/Low Nap Floors
  • Interior featuresLiving Space Available, Security System

Utilities

  • Heat SystemBaseboard, Hot Air
  • Heating FuelElectric, Natural Gas
  • Utilities availableElectric, Gas, Telephone, Cable
  • Water sourcePublic Water Connected
  • Cooling SystemCentral Air
  • Sewage systemPublic Sewer Connected

Tax Information

  • Assessed value$270,330
  • Tax YearJuly 2025-June 2026
  • Milrate total31
  • Taxes$8,561

Building

  • FoundationConcrete, Stone
  • RoofAsphalt Shingle
  • Year Built1800
  • Full Bath3
  • Bathroom3
  • FlooringVinyl, Wall-to-Wall Carpet, Wood
  • Garage Parking InfoPaved, Parking Lot, Off Street Parking
  • Square Feet3,456
  • Restrooms number of3
  • Sqft office1728
  • Sqft residential1728
  • Warehouse Square Feet2,752
  • Stories2
  • Additional space availableYes

Other

  • Date Listed11/17/2025
  • Documents AvailableNone
  • SubdividableNo
  • Net operating income33389
  • Present useResidential & Commercial
  • Potential useVC Zone
  • View Count4

Basic Information

  • Agent ID2783

Location

  • CountyLitchfield
  • LocationDowntown, Urban
  • StateCT
  • Zip06776
  • Building Number14

Property

  • Acreage0.29
  • Lot DescriptionLevel Lot
  • Parking Spaces14
  • Parking spaces uncovered14
  • Business includedNo
  • Road Frontage73
  • Road Frontage DescriptionMunicipal Street, Paved Road

Exterior

  • Exterior featuresSidewalk, Gutters, Lighting, Pole Sign

Amenities

  • Other AmenitiesBasement

Legal

  • ZoningVC
  • Short SaleNo
Sotheby's International Realty | William Pitt

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

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