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Property profile & analytics
OFF-MARKET
Land

0 Danbury Rd New Milford, CT 06776

21.65 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 21.65-acre development opportunity in New Milford, Connecticut, presents a unique chance to build on a highly visible parcel along Danbury Road (Route 7/202). Located near the town center, this B-2 zoned property boasts an average daily traffic count of 28,000 vehicles, ensuring high visibility and accessibility. The site's strategic location is surrounded by major national retailers, including Big Y, Walmart, Stop & Shop, Kohl's, and Home Depot, creating a vibrant and established commercial environment. Approximately 10 buildable acres are available, allowing for the construction of up to 115,000 square feet. Permitted uses are diverse, encompassing retail, hotels, motels, professional offices, wholesale, manufacturing, automotive uses, active adult communities, planned single-family homes, and assisted living facilities. Concept plans are available for review. The asking price is $1,250,000, and significant tax abatements are available for eligible projects. Convenient access is provided via I-84, Exit 7 (Danbury Road). This property offers unparalleled potential for substantial returns in a thriving Connecticut market. The property is situated at Danbury Rd, New Milford, CT 06776, in Litchfield County.

Property profile
Verified
Property type Land
Lot 21.65 ac (943,074 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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