43 Main StreetNew Milford, CT 06776MLS Number 99143387

  • Price: $1,895,000
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Federal 30-year interest rate: 2.97% last updated on Feb 25, 2021
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43 Main New Milford CT 0677643 Main New Milford CT 0677643 Main New Milford CT 0677643 Main New Milford CT 0677643 Main New Milford CT 0677643 Main New Milford CT 0677643 Main New Milford CT 0677643 Main New Milford CT 0677643 Main New Milford CT 0677643 Main New Milford CT 0677643 Main New Milford CT 0677643 Main New Milford CT 0677643 Main New Milford CT 06776
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  • 0.98Acreage
  • 1970Year Built
  • 21,150Square Feet

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Fantastic investment opportunity available for $1,895,000 located directly on the historic “New Milford Green.” The estimated Net Operating Income for 2020 is $193,467! New leases include Domino's Pizza, Johanna's restaurant expansion and extension, The News-times relocation and extension, and the Physical Therapy Group. An additional 3,150 s.f. lease was completed for the third location of BD Provisions with their opening scheduled for December 2020. There is plenty of on-site parking, angled parking on the green, and a convenient lot from the adjacent Post Office. This 1.02-acre property is located near the New Milford Hospital, Banks, the theater, numerous restaurants, the Post Office, several churches, and all the municipal offices in New Milford. There are currently two vacant spaces. Both spaces are in the rear of the building with their own private entrances and access to the parking lot. The first-floor space is 4,775 s.f. and the second-floor walkup is a former karate studio that is 3,480 s.f. For qualified buyers, the owner is willing to consider holding a first mortgage at 6.00% with a 20-year amortization and a 5-year balloon payment.
Listed by Michael Struna and Chris Cosio of Advantage Realty, Inc.

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More Info

Basic Information

  • Broker NameAdvantage Realty, Inc.
  • List Price$1,895,000
  • MLS Number99143387
  • Property TypeCommercial For Sale
  • StatusACT
  • TownNew Milford
  • Virtual TourView Tour
  • Commercial catagoryIndustrial, Investment, Office, Retail, Other
  • ColistofficenameAdvantage Realty, Inc.
  • Also for leaseNo
  • MLS StatusActive

Interior

  • Interior featuresFire Suppression System, Loading - Dock Height, Public Restrooms, Window Display

Exterior

  • Exterior featuresDoor Sign, Gutters, Loading Dock/Grade
  • ColorBRICK

Other

  • ExclusionsNone
  • Documents AvailablePlot Plan/Survey
  • Lease purchaseNo
  • Purchase optionNo
  • Inventory includedNo
  • SubdividableYes
  • Space is leasedNo
  • Present useNumerous Tenants, Some vacancy
  • Potential useRetail, Industrial, Sports
  • View Count180

Tax Information

  • Assessed value$739,270
  • Taxes$21,217
  • Tax YearJuly 2019-June 2020
  • Milrate base28
  • Milrate total28.7

Building

  • FoundationConcrete, Stone
  • RoofBuilt Up, Rubber
  • Year Built1970
  • Building ConstructionBrick, Concrete
  • AtticNo
  • Garage Spaces
  • FlooringConcrete, Tile
  • Ceiling height14
  • Overhead doors1
  • Garage Parking InfoPaved, On Street Parking, Off Street Parking
  • Square Feet21,150
  • Sqft retail21150
  • Stories2
  • Dock1
  • Additional space availableNo

Auction

  • Bank owned propertyNo

Basic Information

  • Agent IDB4573, 23043

Location

  • CountyLitchfield
  • LocationDowntown, Park, Historic Area
  • StateCT
  • Zip06776

Property

  • Acreage0.98
  • Lot DescriptionZero Lot Line, Level Lot
  • Parking Spaces
  • Parking spaces covered
  • Parking spaces uncovered
  • Parking spaces per 1000sqft
  • FloodzoneNo
  • Business includedNo
  • Road Frontage DescriptionMunicipal Street, Paved Road, Unimproved Road
  • SwimmingpoolNo

Utilities

  • Heat SystemHeat Pump
  • Heating FuelElectric, Propane
  • Utilities availableElectric, Phone Available, Cable Available
  • Water sourcePublic Water Connected
  • Cooling SystemCentral Air, Heat Pump
  • Septic approvalNo
  • Electric Amperage200
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected
Sotheby's International Realty | William Pitt
Sotheby's International Realty | William Pitt
Office: 203-796-7700
112 Federal Road
Danbury, CT 06811

Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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