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Property profile & analytics
FOR SALE
Retail space

262 New Milford Tpke Washington, CT 06777

2,072 SF 3.05 ac lot Built 1850
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US15-0043466
Property summary
AI-generated overview

This exceptional 2,072 square foot commercial property, situated on a 3.05-acre lot at 262 New Milford Turnpike in Washington, CT, presents a unique investment opportunity. Boasting a prime location directly on Route 202, the property benefits from exceptional visibility and high traffic counts, averaging approximately 5,800 vehicles daily. The beautifully updated antique building features charming architectural details including exposed beams and hardwood floors, complemented by large windows that flood the interior with natural light. The well-maintained grounds offer a tranquil setting, enhanced by the proximity of the East Aspetuck River. Currently configured as two separate units, the flexible floor plan allows for a variety of commercial uses. Previously used as office space and a showroom, this property is ideal for businesses seeking a blend of historical character and modern functionality in a high-traffic location. The serene environment, combined with the building's attractive features and convenient access to Route 202, makes this an outstanding opportunity for a discerning buyer. The asking price is $625,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1850
Construction FRAME
Total area 2,072 SF
Lot 3.05 ac (132,858 SF)
Zoning code B-3
APN WASH M:0007 B:0002 L:48
UPID US15-0043466
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
Current use
Occupant on record · Public records
  • E. Garrity Water Solutions General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Michevan LLC · 20 yrs held
Michevan LLC
since 2006
1 recorded transaction
2006
$525,000
Zoning & alternative use
B-3 · New Preston Marble Dale, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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