316 Kent RdNew Milford, CT 06776

  • Other commercial real estate
  • 5,120 SF
For Lease

Property Details for 316 Kent Rd

Year built
1900
Construction
FRAME
Lot size
0.76 AC
Property size (Sq ft)
5,120 SF
Zone code
B1
Property type
Other commercial real estate
Property subtype
Showrooms
APN
NMIL M:40 L:78
APU
NMILM40L78

Description

This exceptional 1,400 square foot warehouse space is available for lease in New Milford, Connecticut. Situated on Route 7, this property offers unparalleled accessibility and visibility. The building is classified as industrial, with a B1 zoning designation. The warehouse boasts a generous 16-foot ceiling height, providing ample vertical storage capacity. Access is facilitated by fourteen drive-in doors, ensuring efficient loading and unloading operations. The property is fully vacant and ready for immediate occupancy. Power is supplied by a robust 200-amp service, sufficient for most industrial applications. The building is part of a multi-tenant property. Located in Litchfield County, at 316 Kent Road, New Milford, CT 06776 (41.594744, -73.4529746), this warehouse is perfectly suited for a variety of uses, including warehousing, distribution, and assembly. Its strategic location and functional design make it an attractive option for businesses seeking a productive and accessible workspace. The total building square footage is 1,400 square feet, all of which is currently vacant.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,244,339
    6.5%
    $1,148,620
    7%
    $1,066,576
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,685,828
    Geo Method
    $1,685,828
  • Alternative Use

    Use
    Valuation
    Residential
    $968,904
    Hospitality
    $887,511
    Educational
    $738,399
    Medical
    $763,794
    Retail
    $1,148,620
316 Kent Rd, New Milford, Connecticut

Location Insight

City
New Milford
County
Litchfield
State
Connecticut
Latitude
41.5945
Longitude
-73.4529
CBSA code
45860
CBSA name
TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,548
$84,630
$141,330
$225,960
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-
-
-

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