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    5 Danbury Rd New Milford, CT 06776

    Sponsored
    For Sale
    $2,250,000

    High-traffic retail space, two buildings.

    Property size:
    13,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail investment opportunity encompasses 13,000 square feet of prime commercial space situated on a 2.97-acre lot at 5 Danbury Road in New Milford, Connecticut. The property, zoned B2, consists of two single-story buildings constructed in 1947, offering a combined total of two units. Currently configured as a grocery store and pharmacy/drug store, this versatile property presents significant potential for a variety of retail uses. The high visibility location and prominent building and marquee signage ensure maximum exposure to the substantial traffic flow. The asking price is $2,250,000, translating to $173.08 per square foot. This represents a compelling investment opportunity in a thriving Connecticut market. The property's size and location make it ideal for expansion or redevelopment, catering to the needs of a growing community. Detailed financial information is available upon request. The property is offered for sale by owner. Don't miss this chance to acquire a well-established retail center in a desirable location. Contact us today to schedule a showing.

    Property Features for 5 Danbury Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,000 SF
    Lot Size
    129,373 SF

    Building Details

    Year Built
    1947
    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • 13,000 SF retail property on a 2.97‑acre lot in New Milford, CT.
    • Two single‑story buildings on a B2‑zoned lot, built in 1947.
    • Currently occupied by a grocery store and pharmacy.
    • High‑visibility location with prominent signage ensures maximum exposure.
    • Asking price: $2,250,000 ($173.08/SF).
    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?
    Individual retail property - High-traffic retail space, two buildings.
    Where is this individual retail property located?
    The property is located at 5 Danbury Rd New Milford, CT.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: 13,000 SF retail property on a 2.97-acre lot in New Milford, CT.; Two single-story buildings on a B2-zoned lot, built in 1947.; Currently occupied by a grocery store and pharmacy.
    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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