43 Main St - Storefront Retail/Office FOR SALE


New Milford, CT 06776
$2,865,000 USD
203-733-1290
43 Main St, New Milford, CT for Sale
$2,865,000 USD
Storefront Retail/Office - FOR SALE
1/24
null | 7.5% Cap Rate

43 Main St
New Milford, CT 06776


HIGHLIGHTS

  • Investment Sale - 21,150 s.f. of retail space - 7.5% current CAP rate - $2,865,000
  • Retail strip center located on the Historic New Milford CT Green - The place to be!
  • Many long term stable tenants, adjacent to the Post Office, Town Hall, other retail
  • Domino's - BD Provisions - Physical Therapy - Joanna Restaurant and Catering, Village Green Cleaners
  • Excellent parking, lots of walking traffic, the hub of endless Town activities
  • Call Mike Struna at 203-733-1290 or Chris Cosio at 203-524-8635

OVERVIEW

Prime Investment Opportunity on the Historic New Milford Green 43 Main Street | Offered at $2,865,000 | 7.5% Cap Rate *Positioned directly on the iconic New Milford Village Green, this property offers investors the rare combination of timeless New England charm and strong, income-producing tenancy. The Green, dating back to 1711, remains the cultural and civic heart of the town—home to year-round community events, a weekly farmers’ market, parades, and seasonal celebrations that draw steady foot traffic to surrounding businesses. *Strong Income Profile: Current tenants include Joanna’s Restaurant & Catering, Domino’s Pizza, BD Provisions (with a new 5-year extension), Village Cleaners (month-to-month), and the Physical Therapy & Sports Medicine Centers. The property is offered at a 7.5% cap rate, providing stable cash flow with built-in upside. *Expansion & Growth Potential: The building totals 21,150 SF on .98 acres, with a vacant 3,480 SF second story ideal for redevelopment or repositioning. With “Village Commercial (V-C) zoning,” which allows a wide range of uses, investors have the flexibility to attract additional tenants and unlock new revenue streams. *Strategic Downtown Location: Situated on the Green—the most recognizable landmark in New Milford—the property benefits from high visibility, steady pedestrian activity, and convenient access. A large rear parking lot, angled Green parking, multiple municipal lots, and adjacency to the New Milford Post Office and Town Hall make it a true downtown anchor. *Quality Condition & Recent Upgrades: Constructed in 1960/1970, the buildings feature recently remodeled front and rear façades with new display windows overlooking the Green. Taxes are favorable at $1.72/SF (2025). *Proactive Economic Environment: New Milford is a town that “says Yes” to business. Investors benefit from tax abatements (up to 100% for five years on new improvements), façade improvement programs, streamlined approvals, and active economic development support. With a wave of new businesses opening and potential enhancements such as commuter rail expansion and downtown revitalization, momentum is clearly on the side of growth. *Why Invest Here? Few properties combine historic location, stable tenancy, redevelopment potential, and municipal support as effectively as 43 Main Street. Anchored by nationally recognized and locally beloved tenants, backed by a vibrant and proactive community, and poised for future upside, this property represents a unique opportunity to secure a well-located asset in one of Connecticut’s most attractive town centers. * 43 Main Street, New Milford, CT Price: $2,865,000 | Cap Rate: 7.5% Note: This is an exclusive offering of Advantage Realty Inc. Buyer’s agent participation is welcomed, with compensation to be provided by the Buyer under a separate agreement. Call J. Michael Struna at 203-733-1290 or email mike@advantagerealtyinc.com. / Chris Cosio at 203-524-8635 or chris@advantagerealtyinc.com.

FOR SALE DETAILS

PRICE

$2,865,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

V-C

APN/PARCEL ID

SHAR-000026-000024

ASK ABOUT THIS PROPERTY

J. Michael StrunaAdvantage Realty CommercialMore Info
203-733-1290

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J. Michael StrunaAdvantage Realty CommercialMore Info
203-733-1290

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