507 Danbury RdNew Milford, CT 06776

  • Other commercial real estate
  • 26,103 SF
For Lease
$264/SF/YR View listing

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
507 Danbury Rd, New Milford, Connecticut

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$39,446
$636,510
$724,640
$1,361,150
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-
-
-

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