77 Railroad St New Milford, CT 06776-6706

Property Details for 77 Railroad St

Year built

1880

Construction

FRAME

Lot size

0.14 lot acres

Property size

6,415 SF

Zone code

B1

Property type

Showrooms

APN

NMIL M:35-2 L:6

APU

NMILM352L6

Description

This exceptional 6,415-square-foot freestanding building is ideally situated in downtown New Milford, Connecticut, at 77 Railroad St, 06776. Currently operating as a dance studio and music academy, this versatile property presents a unique opportunity for a variety of retail, office, or medical uses. Its prime downtown location offers excellent visibility and accessibility, enhanced by its adjacency to municipal parking and proximity to numerous shops and restaurants. The building underwent a complete renovation in 2012/2013. Features include approximately 6,000 square feet of retail space on the main level and an additional approximately 3,000 square feet of full basement storage. The property boasts three bathrooms, two of which are handicap accessible, ensuring inclusivity. Modern conveniences include city water and sewer, updated sprinkler systems, and propane heat. The building is also handicap accessible. The asking price is $575,000, representing a price per square foot of $89.63. This is a modified leasehold property with a multi-tenancy structure and no remaining lease term. The current occupancy is 100%. This is a rare opportunity to acquire a fully renovated, well-located commercial property in a thriving downtown area.