507 Danbury RdNew Milford, CT 06776
- Other commercial real estate
- 26,103 SF
Property Details for 507 Danbury Rd
- Year built
- 2006
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 8.21 AC
- Property size (Sq ft)
- 26,103 SF
- Zone code
- I-C
- Property type
- Other commercial real estate
- Property subtype
- Showrooms
- APN
- NMIL M:7 L:80
- APU
- NMILM7L80
Description
This exceptional 6,000 square foot retail space, located at 507 Danbury Road in New Milford, Connecticut, is available for lease. Situated within a larger 26,103 square foot building constructed in 2006, this single-tenant property offers excellent visibility and frontage, ensuring maximum exposure for your business. The property benefits from an I-C zoning designation. The building itself is a modern, single-building structure built in 2006 and does not include elevators. The spacious layout is ideal for a showroom or retail establishment seeking to establish a strong presence in the New Milford market. An additional lot provides valuable storage space, enhancing the functionality and appeal of this property. This location offers a significant opportunity for businesses looking to thrive in a vibrant area. The property's address is 507 Danbury Road, New Milford, CT 06776. This is a single-tenant occupancy in a shopping plaza setting. The property is easily accessible and provides ample space for a variety of retail uses. Don't miss this chance to secure a prime retail location in a thriving Connecticut community.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,343,940
- 6.5%
- $5,855,945
- 7%
- $5,437,663
-
Comparable approach
- Method
- Valuation
- Relative Method
- $8,594,757
- Geo Method
- $8,594,757
-
Alternative Use
- Use
- Valuation
- Residential
- $4,939,708
- Hospitality
- $4,524,746
- Educational
- $3,764,536
- Medical
- $3,894,004
- Retail
- $5,855,945
Location Insight
- City
- New Milford
- County
- Litchfield
- State
- Connecticut
- Latitude
- 41.5178
- Longitude
- -73.4207
- CBSA code
- 45860
- CBSA name
- TORRINGTON, CT MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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