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    36 Bank St New Milford, CT 06776

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    For Sale
    $1,000,000

    Meticulously maintained retail/mixed-use building in historic downtown.

    Property size:
    5,485 SF
    Lot size:
    0.09 Acres

    Property Features for 36 Bank St

    General Information

    Size
    5,485 SF
    Lot size
    0.09 Acres

    Source: Scalzo Agent Paul Scalzo Sr

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail/Mixed-Use Building in Downtown

    This meticulously maintained retail and mixed-use building is located in the main retail district of historic downtown. The property features a total of 5 units. The first floor contains 3 leased retail shops. The second floor offers 2 renovated apartment or office spaces, featuring granite and hardwood floors throughout. Historic details have been preserved and maintained, including 10-foot tin-style ceilings and crown molding. All mechanical, HVAC, and electrical systems have been updated. The lower level includes an additional 2,700 square feet of full storage area. The property benefits from amazing curb appeal, high pedestrian traffic, and ample free off-street parking in nearby municipal lots. The property size is 5,485 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Milford
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.4121413
    Latitude
    41.5776591

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    FAQs

    What type of property is this?
    Strip mall - Meticulously maintained retail/mixed-use building in historic downtown.
    Where is this strip mall located?
    The property is located at 36 Bank St New Milford, CT.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Prime location in the main retail district of historic downtown with high pedestrian traffic.; - Five units total: 3 leased retail shops on the first floor providing immediate income.; - Two renovated apartment/office units on the second floor with granite and hardwood floors.
    (203) 470-3972
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    36 Bank St New Milford, CT 06776
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    New Milford, CT 06776
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    36 Bank St New Milford, CT 06776
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