Office Space For Lease @ 27 Main Street
27 Main Street, New Milford, CT 06776
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Matt K.
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This is the first time on the market for this retail and office property located on the historic “New Milford Green”. The New Milford Green continues to be a very busy location for New Milford’s daily activities and numerous community events attracting customers to that area both during both the day and in the evening hours. It is located near the Post Office, Town of New Milford municipal offices, numerous banks, dozens of restaurants and a couple of community churches.
The building on the main level contains a total of 16,838 s.f. It also includes a 10,952 s.f. basement that provides storage for the buildings Tenants and some additional income for the Landlord. The property is situated on .42 acres of land with a private parking area at the rear of the building. The Town of New Milford provides numerous public parking lots in the area and plenty of angled parking “On the Green” in front of the building. The property is zoned VBD (Village Business District) which allowances a wide range of potential uses and tenant types. The building is fully sprinklered.
The building has 7 tenant spaces. There is currently one space that is available for lease. Unit #2 is 1529 s.f. It was previously a residential real estate office. Landlord is offering immediate occupancy, reserved parking space in rear, municipal parking in front. The utilities are C L & P, oil heat, City sewer & water, with full HVAC. 5 year lease is available with 2 months security. The heating oil and water are metered. This space is available for lease at $14.75 s.f. NNN. Net charges estimated at $4.50 s.f.
The property is offered for sale at $1,350,000 and has a projected yearly NOI of $121,257.00. Call J. Michael Struna today to at 203-798-934 to discuss your investment goals and to tour the property.