Technical
Financial
Distress signals
Property profile

375 Danbury Rd New Milford, CT 06776

OFF-MARKET
Retail properties & Spaces
4,119 SF 1.67 ac lot Built 1950
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Property summary

AI-generated overview

This exceptional commercial property at 375 Danbury Road, New Milford, CT, 06776, offers a compelling investment or development opportunity. Situated on a sizable 1.67 to 1.87-acre lot, this property boasts a total of 4,119 square feet across a single building constructed in 1950. Currently configured as a multi-tenant retail space with two tenants, the property presents significant potential for various uses. The IC/R80 zoning permits a range of commercial activities. Its strategic location on Danbury Road (Route 202) ensures high visibility and convenient access, benefiting from proximity to the Route 202/Route 7 connector (less than 10 minutes away). The area is rich with established retailers, local businesses, and restaurants, further enhancing the property's appeal and potential for strong returns. The asking price is $825,000. This property is ideal for investors seeking a well-located, multi-tenant asset with potential for future growth or redevelopment within a thriving commercial corridor. The property's size and location make it an attractive proposition for a variety of commercial ventures. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1950
Total area 4,119 SF
Lot 1.67 ac (72,745 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Location

375 Danbury Rd New Milford, CT 06776
New Milford metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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