329 Kent Rd - Apartments FOR SALE


New Milford, CT 06776 | 
$795,000 USD
203-775-5000
329 Kent Rd, New Milford, CT for Sale
$795,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

329 Kent Rd
New Milford, CT 06776


OVERVIEW

Excellent opportunity to renovate, reposition, or redevelop a unique property located at 329 Kent Road (Route 7) in New Milford, Connecticut. Situated on approximately 4.05 acres in the B-1 Zone, the property offers substantial frontage and visibility along one of New Milford’s primary commercial corridors. The property is improved with a former inn and restaurant totaling approximately 11,019 SF, along with three additional multifamily structures totaling approximately 3,752 SF. The existing improvements provide an opportunity for an investor or developer to renovate and reactivate the property or explore a larger redevelopment concept. Multiple feasibility studies have been completed for a potential residential apartment redevelopment, providing an attractive starting point for investors and developers evaluating alternative uses for the site. A rare opportunity to acquire a sizeable Route 7 property with existing improvements and multiple potential paths for future development

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$72 USD /SF

# OF UNITS

9

PRICE/UNIT

$88,333

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1789

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.05 AC

LAND SF

176,418 SF

ZONING

B1

APN/PARCEL ID

NMIL-000040-000000-000098-C000000

ASK ABOUT THIS PROPERTY

Mick ConsalvoTower Realty CorporationMore Info
203-775-5000

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Mick ConsalvoTower Realty CorporationMore Info
203-775-5000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.