Commercial Property on Park
For Sale
$299,000
Pending
40 Park Lane Road, New Milford, CT 06776
Commercial property with road frontage, redevelopment potential, and business opportunities.
Property Size979 SF
Lot Size0.43 Acres
Days on Market695
Property Features for 40 Park Lane Road
General Information
Standard status
Pending
Size
979 SF
Lot size
0.43 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,912
Amenities
Central air
Asphalt Shingle Roof
Corner Lot
Hot Water Heating
Level Lot
Ramps
Wall Unit Cooling
Building Details
Year Built
1930
Listing Agency:
Alliance R.E. Consultants
(203) 621-8029
Listed By:
JACQUELINE CAPORALE
Source:
Corcoran
Added: Sep 25, 2024
Changed: Aug 14
Last Checked: Aug 14 at 6:01AM
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 Alliance R.E. Consultants
Investment Insights
Based on property information with market context.
This commercial property presents a significant opportunity with substantial road frontage on State Road 202/Park Lane. The property offers options to reinvigorate an existing dry-cleaning business, repurpose the current building, or redevelop the site. Situated on almost a half acre, the B-1 zoning allows for several "As of Right" uses, subject to site plan approval. Permitted uses include business and professional offices, banks, retail shops offering goods and/or services, and various food uses, including restaurants. The property's location adjacent to and across the road from other successful businesses enhances its potential. The property size is 979 square feet.
Key Highlights
- High‑visibility location on State Road 202/Park Lane
- Versatile B‑1 zoning allows for a wide range of "As of Right" uses (subject to site plan approval)
- Redevelopment potential on almost a half‑acre of land
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Balanced
Demand for This Use
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial property with road frontage, redevelopment potential, and business opportunities.
Where is this storefront property located?
The property is located at 40 Park Lane Road New Milford, CT.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: High‑visibility location on State Road 202/Park Lane; Versatile B‑1 zoning allows for a wide range of "As of Right" uses (subject to site plan approval); Redevelopment potential on almost a half‑acre of land
