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Newtown Municipal Building 3 Main St 18,528 SF Vacant Retail Building Newtown, CT 06470 $1,299,000 ($70.11/SF)
Investment Highlights
- Central Newtown Location
- Priced to sell
- Flexible zoning
Executive Summary
Rare Redevelopment Opportunity — 18,528 SF Former Municipal Building in the Heart of Newtown, CT
A rare chance to acquire a prominent ±18,528 SF municipal building on approximately 1.2 acres in one of Fairfield County's most sought-after communities. Served by municipal water and sewer and offering flexible zoning, the property supports a wide range of commercial, institutional, mixed-use, and residential conversion possibilities (subject to approvals).
The two-story building includes approximately 56 existing parking spaces and sits on a highly visible Main Street site — offering the scale, location, and flexibility developers, investors, and owner-users look for in a value-add asset. The property requires substantial renovation, presenting an excellent opportunity to reposition a well-located building in the center of town.
Newtown's Main Street location delivers outstanding visibility, easy access to Route 25 and I-84, and close proximity to the town's retail, dining, and municipal amenities — making this a compelling opportunity to shape a landmark property's next chapter.
A rare chance to acquire a prominent ±18,528 SF municipal building on approximately 1.2 acres in one of Fairfield County's most sought-after communities. Served by municipal water and sewer and offering flexible zoning, the property supports a wide range of commercial, institutional, mixed-use, and residential conversion possibilities (subject to approvals).
The two-story building includes approximately 56 existing parking spaces and sits on a highly visible Main Street site — offering the scale, location, and flexibility developers, investors, and owner-users look for in a value-add asset. The property requires substantial renovation, presenting an excellent opportunity to reposition a well-located building in the center of town.
Newtown's Main Street location delivers outstanding visibility, easy access to Route 25 and I-84, and close proximity to the town's retail, dining, and municipal amenities — making this a compelling opportunity to shape a landmark property's next chapter.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
18,528 SF
Building Class
C
Year Built
1950
Price
$1,299,000
Price Per SF
$70.11
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.35
Lot Size
1.20 AC
Zoning
B 1/2 - Commercial Business
Parking
56 Spaces (3.02 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
1 of 8
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