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    5 Danbury Rd New Milford, CT 06776

    Sponsored
    For Sale
    $350,000

    1.1-Acre Development Opportunity in CT

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.1-acre parcel presents a unique investment opportunity in the thriving New Milford, Connecticut market. Located at 5 Danbury Road, this land is ideally situated at the bustling intersection of Routes 7 and 202, surrounded by a mix of established retail businesses and residential properties, ensuring high visibility and strong foot traffic. The property's "Shopping Center, Development Site" classification offers significant potential for a variety of commercial ventures. Zoned for commercial development (verification of zoning regulations is recommended), this site is ready for your vision. The asking price for this prime location is $350,000. Its convenient location in Litchfield County, with a zip code of 06776, provides easy access to a substantial consumer base. The coordinates are 41.574015 latitude and -73.4159032 longitude. This is a rare chance to acquire a strategically positioned land parcel in a vibrant and growing community. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Further due diligence, including but not limited to, environmental studies and zoning verification, is recommended before any purchase decision. This information is deemed reliable but not guaranteed.

    Property Features for 5 Danbury Rd

    General Information

    Property type
    Lifestyle centers
    Lot Size
    47,916 SF

    HighLights

    • Asking price: $350,000
    • 1.1‑acre land parcel in New Milford, CT
    • Located at 5 Danbury Road, a high‑traffic intersection of Routes 7 and 202, surrounded by retail and residential properties
    • Designated as a shopping center development site.
    Property Profile Location Intelligence

    Current Use by Public Records

    New Milford Auto ... Used Car Dealer Envy service center ... Auto Repair Shop Envy service center Auto Repair Shop Marble & Granite Creations Countertop Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Milford
    County
    Litchfield
    State
    Connecticut
    Longitude
    -73.4159032
    Latitude
    41.574015

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    FAQs

    What type of property is this?
    Lifestyle center - 1.1-Acre Development Opportunity in CT
    Where is this lifestyle center located?
    The property is located at 5 Danbury Rd New Milford, CT.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Asking price: $350,000; 1.1-acre land parcel in New Milford, CT; Located at 5 Danbury Road, a high-traffic intersection of Routes 7 and 202, surrounded by retail and residential properties
    Request Owner's contact information
    5 Danbury Rd 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
    5 Danbury Rd New Milford, CT 06776
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