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Executive Summary

The property's location is a prime asset for both commercial/retail
and apartment purposes. Situated adjacent to the bustling
Litchfield Crossings Shopping Center, boasting a massive 288,000
square feet upon full buildout, tenants include Kohl's, Home
Goods, Big Lots, and other major retailers. Moreover, directly
across the street, tenants benefit from the constant foot traffic
drawn to Super Stop & Shop and Walmart. With a daily traffic
count exceeding 30,000, the site offers unparalleled visibility and
accessibility, making it an ideal destination for businesses and
residents alike.

Property Facts

Price $3,750,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Neighborhood Center
Total Lot Size 13.25 AC
Zoning B1 - Commercial and mix use

1 Lot Available

Lot

Price $3,750,000
Price Per AC $283,018.87
Lot Size 13.25 AC

Zoned B1 for versatile business opportunities Prime location in the New Milford area High visibility on Danbury Rd Ample parking for customers and employees Four (4) commercial Pads and 150 apartments approved on site.

Description

An exciting commercial prospect awaits! With approvals in place for 2-4 retail/commercial pads on Rte 7, plus plans for 150 apartments spread across 5 buildings, complete with clubhouse and pool, this 13.25-acre property offers immense potential. Boasting 780 ft of road frontage and all utilities, including city sewer/water, it's a developer's dream. The apartment mix caters to various needs with 90 one-bedrooms, 45 two-bedrooms, and 15 three-bedrooms.

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
  • Listing ID: 26929938

  • Date on Market: 10/25/2022

  • Last Updated:

  • Address: 189 Danbury Rd, New Milford, CT 06776

Contact the Sale Advisor

189 Danbury Rd

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