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Commercial Property on Park Lane

40 Park Lane Rd, New Milford, CT 06776

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For Sale

$299,000

Commercial property with road frontage, redevelopment potential, and permitted uses.

Type:Commercial

Lot size:

0.50 Acres

HighLights

Significant road frontage on State Road 202/Park Lane.
Almost a half‑acre of land for development.
B‑1 zoning allows for a variety of 'As of Right' uses (subject to site plan approval).
Suitable for repurposing the existing building or complete redevelopment.
Permitted uses include business/professional offices, banks, retail, and restaurants.
Located near other successful businesses.

We can help!

Listing Contact

Jacqueline Caporale

Learn more

For Sale

$299,000

Commercial property with road frontage, redevelopment potential, and permitted uses.

Type:Commercial

Lot size:

0.50 Acres

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 5:58 pm

Property Features for 40 Park Lane Rd

General Information

Standard status: Active
Lot size: 0.50 Acres
Property subtype: Commercial

We can help!

Listing Contact

Jacqueline Caporale

Listing agent Jacqueline Caporale License #RES.0821267

Listing office Alliance R.E. Consultants

Listing date Apr 24, 2026

Source Elliman

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

HighLights

Significant road frontage on State Road 202/Park Lane.
Almost a half‑acre of land for development.
B‑1 zoning allows for a variety of 'As of Right' uses (subject to site plan approval).
Suitable for repurposing the existing building or complete redevelopment.
Permitted uses include business/professional offices, banks, retail, and restaurants.
Located near other successful businesses.

Overview

This commercial property presents a significant opportunity with substantial road frontage on State Road 202/Park Lane. The site offers potential for repurposing the existing building or complete redevelopment. Encompassing almost a half-acre, the land provides ample space for realizing various development plans. The B-1 zoning allows for several "As of Right" uses, contingent upon site plan approval. Permitted uses include business and professional offices, banks, retail shops offering goods and/or services, and various food service establishments, including restaurants. The presence of other successful businesses adjacent to and across the road from the property suggests a promising business environment. The walk score is 58, indicating the area is somewhat walkable, and the bike score is 28, indicating it is somewhat bikeable.

Location Intelligence

Current Use by Public Records

Sanda's Cleaners (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: New Milford
County: Litchfield
State: Connecticut
Longitude: -73.406003
Latitude: 41.5941432

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For sale
Commercial land
CT
New Milford
06776
40 Park Lane Rd

What type of property is this?

Commercial land - Commercial property with road frontage, redevelopment potential, and permitted uses.

Where is this commercial land located?

The property is located at 40 Park Lane Rd 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: Significant road frontage on State Road 202/Park Lane.; Almost a half‑acre of land for development.; B‑1 zoning allows for a variety of 'As of Right' uses (subject to site plan approval).