Land Available For Sale @ 108 Danbury Road
This Property offers three possible scenarios as described below:
The owner of the property will complete a custom “build to suit to lease”. The space can be from 10,000 to 15,765 s.f. of rentable space. Lease price will depend on the requirements of the Tenant.
The property can be sold for $1,995,000. The sale would include the partially improved raw land with approvals for a 15,765 s.f. building; and a Friendly’s Restaurant lease on the front “pad” site. The Friendly’s lease is currently paying approximately $90,000 per year and is in year 6 of a 15 year lease. They have 5-5 year renewal options. The building is 4070 s.f. and was built in 2005.
The remaining land parcel which is approved for 15,765 sf can be ground leased for 15 years or more and Tenant can build their own custom building.
The property is located directly adjacent to Home Depot which is located just to the North and is serviced by a traffic light. TJ-Max and numerous other retailers are located just to the South. The property is zoned B-2 General Business. The previous approval will require a resubmission to the Town of New Milford Planning and Zoning department to be refreshed. Sewer, water, electric and conduits for telephone and cable are installed to the back lot line. Call J. Michael Struna the listing broker for the most up to date information and further explanation.
Listing company: Advantage Realty Commercial
Listing ID: 174383
Rate: $785 per sqft per year
Size: 30,491 square feet