7 Kent RdNew Milford, CT 06776

Property Details for 7 Kent Rd

Year built

1929

Construction

FRAME

Lot size

0.95 AC

Property size (Sq ft)

3,260 SF

Zone code

B1

Property type

Other commercial real estate

Property subtype

Showrooms

APN

NMIL M:28-3 L:23

APU

NMILM283L23

Description

This exceptional 3,134 square foot retail building, situated on a 0.95-acre lot at 7 Kent Rd, New Milford, CT 06776, presents a unique leasing opportunity. Boasting a highly visible location at the intersection of Route 7, Route 202, and Bridge Street, directly across from the Big Y Shopping Center, this property offers unparalleled access to New Milford, Litchfield County, Brookfield, and Danbury. The building, constructed in 1929 and extensively renovated in 2021, features a single-tenant occupancy with 1,818 square feet currently available. Recent renovations include new flooring, paint, electrical, plumbing, HVAC systems, siding, and a new front door. The interior comprises three large rooms, a kitchenette, an attractive entryway, a private bathroom, and two small second-floor offices. The property benefits from city sewer and water connections, and two convenient driveway cuts directly onto Kent Road. Ample parking is provided with 22 spaces. The space is zoned B1 and is ideally suited for a variety of retail and service-based businesses. Lease rate is $20 per square foot, plus utilities. This is a remarkable opportunity to establish a thriving business in a high-traffic, highly visible location.

• CAP approach

  CAP return

  Valuation

  6%

  $792,294

  6.5%

  $731,348

  7%

  $679,109

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,073,398

  Geo Method

  $1,073,398

• Alternative Use

  Use

  Valuation

  Residential

  $616,920

  Hospitality

  $565,095

  Educational

  $470,152

  Medical

  $486,322

  Retail

  $731,348

Location Insight

City

New Milford

County

Litchfield

State

Connecticut

Latitude

41.5752

Longitude

-73.4197

CBSA code

45860

CBSA name

TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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