43 Main Street

New Milford, CT
$ 1,895,000 Beds 0 Baths 0 Sq 21,150 Virtual Tour
Monthly Estimate* How much can I afford?

Fantastic investment opportunity available for $1,895,000 located directly on the historic “New Milford Green.” The estimated Net Operating Income for 2020 is $193,467! New leases include Domino's Pizza, Johanna's restaurant expansion and extension, The News-times relocation and extension, and the Physical Therapy Group. An additional 3,150 s.f. lease was completed for the third location of BD Provisions with their opening scheduled for December 2020. There is plenty of on-site parking, angled parking on the green, and a convenient lot from the adjacent Post Office. This 1.02-acre property is located near the New Milford Hospital, Banks, the theater, numerous restaurants, the Post Office, several churches, and all the municipal offices in New Milford. There are currently two vacant spaces. Both spaces are in the rear of the building with their own private entrances and access to the parking lot. The first-floor space is 4,775 s.f. and the second-floor walkup is a former karate studio that is 3,480 s.f. For qualified buyers, the owner is willing to consider holding a first mortgage at 6.00% with a 20-year amortization and a 5-year balloon payment.

Commercial

  • Price
  • $ 1,895,000
  • Lot Size
  • 0.98 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 21,150
  • Full Bathrooms
  • 0
  • Year Built
  • 1970
  • Half Bathrooms
  • 0
  • City, Zip
  • New Milford
  • Taxes
  • 21217
  • County
  • LITCHFIELD
  • Style
  • Commercial For Sale
  • Area
  • MLS#
  • 99143387
  • Zip
  • 06776
Listing Provided by: Advantage Realty, Inc.

Features

General

ADA Compliant Yes
Ceiling Height 14.00
Commercial Catagory Industrial, Investment, Office, Retail, Other
Exclusions None
Flooring Concrete, Tile
Location Downtown, Park, Historic Area
Neighborhood N/A
Present Use Numerous Tenants, Some vacancy
Property Type Commercial For Sale
Status Active
Tax Year July 2019-June 2020
Utilities Available Electric, Phone Available, Cable Available
Virtual Tour https://app.immoviewer.com/landing/unbranded/5e9ce8bc58364e04b5374692
Virtual Tour Yn Yes
Year Built 1970
Zoning V-C

Interior Features

Cooling System Central Air, Heat Pump
Heat Fuel Type Electric, Propane
Heat Type Heat Pump
Interior Features Fire Suppression System, Loading - Dock Height, Public Restrooms, Window Display
Sq Ft Retail 21150
Sq Ft Source Public Records
Sq Ft Total 21150

Exterior Features

Acres 0.9800
Exterior Features Door Sign, Gutters, Loading Dock/Grade
Foundation Concrete, Stone
Garage Parking Info Paved, On Street Parking, Off Street Parking
Lot Description Zero Lot Line, Level Lot
Overhead Doors Number Of 1
Potential Use Retail, Industrial, Sports
Road Frontage Description Municipal Street, Paved Road, Unimproved Road
Roof Information Built Up, Rubber
Sewage System Public Sewer Connected
Water Source Public Water Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Storrs, CT office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

4/26/2016 Listed $1,750,000

Property vs Zip Code Average in 06776

Price
AVG $160K
$1.9M
Taxes
AVG $7,807
$21,217
Visits
AVG 51
154
Year Built
AVG 1975
1970
Walkscore
AVG 43
74
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

43 Main Street New Milford, CT is a Single Family Home for sale at $1895000 with 21150 sqft and a lot size of 0.98 Acres Acre(s). 43 Main Street New Milford has 0 bedrooms, 0 baths and was built in 1970. The property's zip code is 06776 which is in New Milford, CT

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.