43 Main St New Milford, CT 06776
Prime investment property on the historic New Milford Green.
Property size:
21,150 SFLot size:
0.98 AcresProperty Features for 43 Main St
General Information
- Size
- 21,150 SF
- Lot size
- 0.98 Acres
Source:
Moodyscre
Listing Agent: J. Michael Struna
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
New Milford Investment Opportunity
Located on the iconic New Milford Village Green, this property offers a blend of New England charm and income-producing tenancy. The Green, dating back to 1711, hosts community events and a weekly farmers’ market, drawing foot traffic to surrounding businesses. Current tenants include Joanna’s Restaurant & Catering, Domino’s Pizza, BD Provisions, Village Cleaners, and the Physical Therapy & Sports Medicine Centers. The property is offered at a 7.5% cap rate. The building totals 21,150 square feet on 0.98 acres, with a vacant 3,480 square foot second story suitable for redevelopment. With Village Commercial zoning, investors have the flexibility to attract additional tenants. The property benefits from high visibility, steady pedestrian activity, and convenient access. A large rear parking lot, angled Green parking, multiple municipal lots, and adjacency to the New Milford Post Office and Town Hall enhance its downtown location. Constructed in 1960/1970, the buildings feature remodeled front and rear façades with new display windows overlooking the Green. New Milford supports business with tax abatements, façade improvement programs, streamlined approvals, and active economic development support. The property is positioned for future upside in one of Connecticut’s attractive town centers.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
BD Provisions
Gourmet Grocery Store
Erica Breive
Physical Therapist
Laurel Hill
Physical Therapist
Colleen Menard
Physical Therapist
Dan Pagliuca
Physical Therapist
Location Insight
- Map
- Local Demand
- City
- New Milford
- County
- Litchfield
- State
- Connecticut
- Longitude
- -73.4123651
- Latitude
- 41.5787677
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FAQs
What type of property is this?
Strip mall - Prime investment property on the historic New Milford Green.
Where is this strip mall located?
The property is located at 43 Main St New Milford, CT.
What is the asking price?
The asking price for this property is $2,865,000.
What are key features of this property?
This property features: - 7.5% Cap Rate: Provides a strong and stable return on investment.; - Prime Location on New Milford Green: Enjoy high visibility and foot traffic.; - Expansion & Growth Potential: Includes a vacant 3,480 SF second story suitable for redevelopment.