Property summary
This exceptional commercial property at 85 Railroad Street in New Milford, Connecticut, presents a unique investment opportunity. The property encompasses three buildings totaling 12,297 square feet on a 0.47-acre lot. The main building, a three-story structure built in 1900 and renovated in 1988, features a large street-facing retail space with ample display windows, potential office space, and multiple bathrooms. Upstairs, there's significant potential for additional office space, apartments, or extended-stay accommodations. Attached is a substantial warehouse building (5000+ sq ft) with three large overhead doors, a mezzanine, high ceilings, and more office space. The property also includes a valuable 20-space private parking lot, with 10 spaces conveniently located near the retail entrance, including two handicap-accessible spots. The property is zoned B-1, offering a wide range of permitted uses. This versatile property is ideal for an owner-operator or investor seeking a multi-use space with significant upside potential in a charming New England town. The asking price is $998,000. The property consists of two units and features 30 parking spaces per 1,000 square feet. The APN is 2720303.
Property profile
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Current use
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Corporate Office
Location
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B1 · New Milford, CTZoning
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