262 New Milford TpkeWashington, CT 06777

Property Details for 262 New Milford Tpke

Year built

1850

Construction

FRAME

Lot size

3.05 AC

Property size (Sq ft)

2,072 SF

Zone code

B-3

Property type

Retail properties

Property subtype

Retail space

APN

WASH M:0007 B:0002 L:48

APU

WASHM0007B0002L48

Description

This exceptional 2,072 square foot commercial property, situated on a 3.05-acre lot at 262 New Milford Turnpike in Washington, CT, presents a unique investment opportunity. Boasting a prime location directly on Route 202, the property benefits from exceptional visibility and high traffic counts, averaging approximately 5,800 vehicles daily. The beautifully updated antique building features charming architectural details including exposed beams and hardwood floors, complemented by large windows that flood the interior with natural light. The well-maintained grounds offer a tranquil setting, enhanced by the proximity of the East Aspetuck River. Currently configured as two separate units, the flexible floor plan allows for a variety of commercial uses. Previously used as office space and a showroom, this property is ideal for businesses seeking a blend of historical character and modern functionality in a high-traffic location. The serene environment, combined with the building's attractive features and convenient access to Route 202, makes this an outstanding opportunity for a discerning buyer. The asking price is $625,000.

• CAP approach

  CAP return

  Valuation

  6%

  $503,568

  6.5%

  $464,832

  7%

  $431,630

• Comparable approach

  Method

  Valuation

  Relative Method

  $682,233

  Geo Method

  $682,233

• Alternative Use

  Use

  Valuation

  Residential

  $392,103

  Hospitality

  $359,165

  Educational

  $298,821

  Medical

  $309,098

  Retail

  $464,832

Location Insight

City

New Preston Marble Dale

County

Litchfield

State

Connecticut

Latitude

41.6627

Longitude

-73.3717

CBSA code

45860

CBSA name

TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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