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
21,150 Sq Ft
0.98 Private Acres Lot Size
Commercial
Built in 1970
MLS/Listing ID 24130937
2 Stories
Built-Up
Lot - Cleared
Lot - Dry
Construction - Masonry
Construction - Concrete
Construction - Brick
TOTAL MONTHLY COST
-
-
-