Multifamily Development
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333 Kent Rd, New Milford, CT 06776
B1-zoned property with community water connection rights, two existing septic systems, and multifamily development plans.
Property Size14,771 SF
Price / SF$84.63
Days on Market135
Property Features for 333 Kent Rd
General Information
Standard status
Active
Size
14,771 SF
Property subtype
Multifamily
Zoning
B1
Investment Type
Redevelopment
Building Details
Buildings
4
Units
50
Listing Agency:
Scalzo Commercial & New Development
(203) 790-7077
Listed By:
Paul Scalzo Sr. · License #CT
Source:
Crexi
Added: Apr 20
Changed: Aug 30
Last Checked: Sep 1 at 3:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Scalzo Commercial & New Development
Investment Insights
Based on property information with market context.
This B1-zoned multifamily property includes 4 existing buildings, with 6 units recently vacant. Existing site infrastructure includes 2 septic systems, while a community water source on adjoining property is supported by connection rights.
A development concept contemplates 2 multifamily buildings under 830g, with a proposed unit count of 50+/- subject to available water. Initial surveying and engineering work has been completed for feasibility involving 50 bedrooms.
A development concept contemplates 2 multifamily buildings under 830g, with a proposed unit count of 50+/- subject to available water. Initial surveying and engineering work has been completed for feasibility involving 50 bedrooms.
Key Highlights
- Proposed multifamily development of 50+/- units, subject to available water
- Initial surveying and engineering completed for feasibility involving 50 bedrooms
- Community water source on adjoining property with connection rights
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 06776, CT
26,848
Population
11,120
Households
2.4
Avg Household Size
44
Median Age
41%
College-Educated
95%
High-School Grad
56.2 sq mi
ZIP Area
478
Density / Sq Mi
$102,240
Median Household Income
$50,407
Median Earnings
$1,598
Median Rent
$380,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - B1-zoned property with community water connection rights, two existing septic systems, and multifamily development plans.
Where is this multifamily property located?
The property is located at 333 Kent Rd New Milford, CT.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Proposed multifamily development of 50+/- units, subject to available water; Initial surveying and engineering completed for feasibility involving 50 bedrooms; Community water source on adjoining property with connection rights
