11 Old State RdNew Milford, CT 06776

Property Details for 11 Old State Rd

Year built

1964

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.74 AC

Property size (Sq ft)

9,288 SF

Zone code

I

Property type

Other commercial real estate

Property subtype

Showrooms

APN

NMIL M:14-3 L:81

APU

NMILM143L81

Description

This 2,800 square foot warehouse, located at 11 Old State Rd in New Milford, Connecticut, presents a fantastic opportunity for businesses seeking versatile space. Classified as a Class C property, this single-tenant building offers ample room for industrial or storage use. The property boasts eight (8) drive-in doors, facilitating efficient loading and unloading, and features an 8-foot ceiling height. A convenient bathroom is included within the unit, and additional outside storage is available, enhancing the overall functionality. The zoning is B2 (commercial/industrial), allowing for a range of permitted uses. Situated in Litchfield County, this warehouse benefits from easy access to Route 7 and Interstate 84, providing excellent connectivity for transportation and logistics. The total building square footage is 2,800 square feet, with 2,800 square feet currently vacant. The property's zip code is 06776. This property is an excellent choice for businesses needing a functional and conveniently located warehouse space in New Milford, CT.

• CAP approach

  CAP return

  Valuation

  6%

  $2,257,308

  6.5%

  $2,083,669

  7%

  $1,934,836

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,058,196

  Geo Method

  $3,058,196

• Alternative Use

  Use

  Valuation

  Residential

  $1,757,653

  Hospitality

  $1,610,001

  Educational

  $1,339,502

  Medical

  $1,385,569

  Retail

  $2,083,669

Location Insight

City

New Milford

County

Litchfield

State

Connecticut

Latitude

41.5423

Longitude

-73.4197

CBSA code

45860

CBSA name

TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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