7 Kent Rd New Milford, CT 06776-3405
- Showrooms
- 3,260 SF
- 0.95 lot acres
Jul 28, 2022
Current Use by Public Records
- The 7 Kent Road Estate Gallery & Home Décor Thrift Annex / Art Gallery / Antique Furniture Store
- Lynn Spa / Massage Spa
- Litchfield County Pickers / Store
Property Details for 7 Kent Rd
- Year built
- 1929
- Construction
- FRAME
- Lot size
- 0.95 lot acres
- Property size
- 3,260 SF
- Zone code
- B1
- Property type
- Showrooms
- APN
- NMIL M:28-3 L:23
- APU
- NMILM283L23
Description
This exceptional 3,134 square foot retail building, situated on a 0.95-acre lot at 7 Kent Rd, New Milford, CT 06776, presents a unique leasing opportunity. Boasting a highly visible location at the intersection of Route 7, Route 202, and Bridge Street, directly across from the Big Y Shopping Center, this property offers unparalleled access to New Milford, Litchfield County, Brookfield, and Danbury. The building, constructed in 1929 and extensively renovated in 2021, features a single-tenant occupancy with 1,818 square feet currently available. Recent renovations include new flooring, paint, electrical, plumbing, HVAC systems, siding, and a new front door. The interior comprises three large rooms, a kitchenette, an attractive entryway, a private bathroom, and two small second-floor offices. The property benefits from city sewer and water connections, and two convenient driveway cuts directly onto Kent Road. Ample parking is provided with 22 spaces. The space is zoned B1 and is ideally suited for a variety of retail and service-based businesses. Lease rate is $20 per square foot, plus utilities. This is a remarkable opportunity to establish a thriving business in a high-traffic, highly visible location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $505,000
- ML approach
- $460,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $322,000
Market price range: $318k - $616k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $465,000 Current use
- OFFICE BUILDING
- $380,000 Change: -18% Conversion: Easy
- RETAIL STORES
- $370,000 Change: -20% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- New Milford
- County
- Litchfield
- State
- Connecticut
- Longitude
- -73.4197
- Latitude
- 41.5752
- CBSA code
- 45860
- CBSA name
- TORRINGTON, CT MICROPOLITAN STATISTICAL AREA