223 Kent RdNew Milford, CT 06776

Property Details for 223 Kent Rd

Lot size

4.49 AC

Zone code

I

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

NMIL M:34 L:11

APU

NMILM34L11

Description

This exceptional 12,800-square-foot warehouse, located at 223 Kent Road (Route 7), Building 6, Unit 230 in New Milford, Connecticut, presents a significant opportunity for businesses seeking ample space and convenient access. Built in 2003, this single-tenant property boasts a substantial 28-foot ceiling height, providing ample vertical storage capacity. The unit features three loading docks and one drive-in door, ensuring efficient loading and unloading operations. Power is supplied by a robust 200-amp, 3-phase electrical system, suitable for a variety of industrial applications. The property is zoned I (Industrial), making it perfectly suited for warehousing, manufacturing, or storage-related businesses. Situated in Litchfield County, the warehouse enjoys a strategic location, just 1.4 miles north of the bridge, offering easy access to major transportation routes. The entire 12,800 square feet is currently vacant and ready for immediate occupancy. This property represents a rare opportunity to secure a well-appointed, spacious warehouse in a prime location. The address is 223 Kent Rd, New Milford, CT 06776.

• CAP approach

  CAP return

  Valuation

  6%

  $32,335,878

  6.5%

  $29,848,502

  7%

  $27,716,466

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,555,006

  Geo Method

  $25,555,006

• Alternative Use

  Use

  Valuation

  Residential

  $37,012,144

  Hospitality

  $33,902,924

  Educational

  $28,206,834

  Medical

  $29,176,910

  Retail

  $43,877,300

Location Insight

City

New Milford

County

Litchfield

State

Connecticut

Latitude

41.5819

Longitude

-73.4414

CBSA code

45860

CBSA name

TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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