New Milford, CT 06776 (MLS # 24130937)

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PRICE $2,865,000 SIZE 21,150 sqft LOT SIZE 42,689 sqft

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