189 Danbury Rd, New Milford, CT, 06776

189 Danbury Rd New Milford, CT 06776

189 Danbury Rd, New Milford, CT, 06776
189 Danbury Rd, New Milford, CT, 06776 189 Danbury Rd, New Milford, CT, 06776 189 Danbury Rd, New Milford, CT, 06776
FOR SALE
Property Type:
Other Land
Amount:
$3,750,000
Last Verified:
May 21, 2024

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Highlights

  • Zoned B1 for versatile business opportunities
  • Prime location in the New Milford area
  • High visibility on Danbury Rd
  • Ample parking for customers and employees
  • Modern and well-maintained building
  • Spacious interior layout for flexible usage
  • In close proximity to major transportation routes
  • Surrounded by thriving commercial and retail businesses

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.

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.

Building Size: 0sq ft
Lot Size: 13.25 acres


Documents

189 Danbury Rd Brochure

Map of 189 Danbury Rd, New Milford, CT, 06776

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.