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Property profile & analytics
OFF-MARKET
Commercial land

32 Danbury Rd New Milford, CT 06776

2.45 ac lot
Entity Owned 2-yr Hold Free & Clear
Property ID
US15-1335734
Property summary
AI-generated overview

This exceptional 2.82-acre commercial land parcel in New Milford, Connecticut, presents a prime development opportunity. Located on Danbury Road (Route 7), this property boasts 560 feet of frontage, ensuring excellent visibility and accessibility. The site benefits from a high average daily traffic count of approximately 28,000 vehicles, placing it within a thriving retail corridor surrounded by established national brands. An existing 30-foot double-sided billboard, currently leased with Lamar, generates consistent income. The property features a large, 40-foot curb cut, providing prominent access to Danbury Road. The level lot is serviced by city water, sewer, and gas. Zoned B-2, this versatile site allows for a variety of uses, including retail, office, and industrial development. The property has a prior approval for an 1,800 square foot restaurant/retail building and the seller will consider subdividing the land. This is an ideal location for businesses seeking high visibility and convenient access to a substantial customer base. The asking price is $795,000. The property's location is 32 Danbury Road, New Milford, CT 06776, within Litchfield County.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.45 ac (106,722 SF)
Zoning code B2
APN NMIL M:28-2 L:24
UPID US15-1335734
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
32 Danbury Nm LLC · 2 yrs held
32 Danbury Nm LLC
since 2023
Last sale
$150,000
2 recorded transactions
2023
$150,000
2002
$2.5M
Zoning & alternative use
B2 · New Milford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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