507 Danbury RdNew Milford, CT 06776

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

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.

• 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

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