63 Main StNewtown, CT 06470

Property Details for 63 Main St

Lot size

13.30 AC

Zone code

M-5

Property type

Other commercial real estate

APN

NEWT M:37 B:2 L:5

APU

NEWTM37B2L5

Description

This exceptional 58,781 square foot Class A commercial property, located at 63 South Main Street in Newtown, Connecticut, presents a unique investment opportunity. The property, situated on a picturesque 13.3-acre campus, comprises two connected, two-story buildings featuring an open-plan layout with perimeter offices, high ceilings, and abundant natural light. Currently vacant with an occupancy date of November 12, 2024, this property offers significant potential for a variety of uses. The M-5 zoning, combined with its location within the South Main Street Village Design District, allows for diverse development options, including but not limited to: school, rehabilitation center, medical practice, residential development, office space, light industrial/flex use, veterinary hospital, manufacturing facility, financial institution, research laboratory, hotel, and childcare center. The expansive grounds boast mature landscaping, a large outdoor terrace, walking trails, a waterfall, and a stream, creating a serene and attractive environment. The asking price is $3,200,000. This is a rare opportunity to acquire a substantial property in a desirable location with significant redevelopment potential.

• Alternative Use

  Use

  Valuation

  Residential

  $109,635,304

  Hospitality

  $100,425,344

  Educational

  $83,552,712

  Medical

  $86,426,216

  Retail

  $129,970,880

Location Insight

City

Newtown

County

Fairfield

State

Connecticut

Latitude

41.399

Longitude

-73.2936

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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