123 Litchfield RdNew Milford, CT 06776

Property Details for 123 Litchfield Rd

Year built

1980

Construction

FRAME

Lot size

0.92 AC

Property size (Sq ft)

4,096 SF

Zone code

R40

Property type

Other commercial real estate

Property subtype

Showrooms

APN

NMIL M:57 L:103

APU

NMILM57L103

Description

This exceptional mixed-use property, located at 123 Litchfield Rd #202 in New Milford, Connecticut, presents a unique investment opportunity. The 4,096 square foot building boasts four separately metered units: one residential apartment and three commercial office suites. Currently, 75% of the units are leased, generating a strong net operating income (NOI) of $53,345, with a 9.00% cap rate. The property features a desirable location on Route 202, offering 201 feet of road frontage and prominent road signage. A large paved parking lot provides ample space for tenants and visitors. The building is a Class B, two-story structure situated on a 0.92-acre lot, with city water and septic. The first floor includes a one-bedroom apartment and an office suite, while the second floor houses two additional office suites. Each unit has its own separate meter. Annual property taxes are $6,597. The 1,200 square feet of net rentable space, combined with the strong NOI and prime location, makes this an attractive investment for both owner-occupants and investors seeking a stable, high-yield property in a thriving Connecticut market. This is a rare opportunity to acquire a well-maintained, multi-unit property with significant upside potential. The asking price is $479,900.

Location Insight

City

New Milford

County

Litchfield

State

Connecticut

Latitude

41.6147

Longitude

-73.3999

CBSA code

45860

CBSA name

TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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