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Property profile & analytics
OFF-MARKET
Land

1 Roger Sherman Rd New Milford, CT 06776

1.33 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.33-acre commercial and industrial land parcel presents a unique investment opportunity in New Milford, Connecticut. Located at 1 Roger Sherman Drive (06776), this property boasts B2 zoning, allowing for a wide range of industrial and commercial uses, including outside storage. The site is part of the Sherman Commerce Park and benefits from existing infrastructure, including a well and septic system. Future improvements include a paved driveway and tree clearing. This fully approved lot is ready for immediate development. The property's convenient location on Route 7 provides excellent accessibility and visibility. Two 4,000 square foot buildings are permitted. Additional acreage is available, with the potential to acquire up to 7.47 acres. This makes it an ideal location for contractors or businesses seeking a strategic location with ample space for expansion. The asking price for this 1.33-acre lot is $250,000. Don't miss this chance to secure a prime piece of land in a thriving Connecticut market. Contact us today to learn more about this exceptional opportunity and explore the potential for expansion with additional available lots.

Property profile
Verified
Property type Land
Lot 1.33 ac (57,935 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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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