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464 Main St 3,534 SF 100% Leased Retail Building New Milford, PA 18834 $560,860 CAD ($158.70 CAD/SF)
Executive Summary
Prime Mixed-Use Investment Opportunity | Commercial + Residential | Two Parcels Included Exceptional opportunity to own a highly visible mixed-use property in the heart of New Milford featuring two included parcels (109.06-1,056.00,000 & 109.06-1.057.00,000) encompassing 464 Main Street and 452 Main Street, New Milford, PA 18834. Ideally positioned just moments from Exit 223 off Interstate 81, this prominent corner location offers outstanding exposure at the intersection of Routes 11 and 492—one of the area’s primary corridors leading to Montrose, the county seat. This versatile property presents a rare combination of commercial space, residential income potential, ample parking, and future development flexibility. The commercial portion offers an ideal setup for a variety of uses including professional offices, retail, café, boutique business operations, and more. The first floor features a welcoming reception area, four private offices, a spacious conference room, fresh paint, updated laminate flooring, and an additional updated one-bedroom apartment. The upper levels provide excellent income-producing potential with two additional renovated residential units, including a two-bedroom apartment and a three-bedroom apartment, both recently painted and updated. Additional highlights include: • Two included parcels with additional land and expansion potential • Prime corner visibility with approximately 5,000 vehicles per day (PennDOT traffic count) • Large parking area plus two-car garage • Large vacant lot offering additional possibilities • Public water and sewer • Surrounded by established local businesses, restaurants, convenience stores, hardware stores, and service providers • Easy access to Interstate 81 Whether you’re seeking an investment property, owner-occupant opportunity, business headquarters, or redevelopment potential, this property delivers flexibility and visibility in one of New Milford’s most strategic locations. Offered at $395,000. Don’t miss this unique opportunity to own a prominent mixed-use asset with multiple income streams and endless possibilities. One unit at $1500 a month starting July 1st
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,534 SF
Year Built
1900
Price
$560,860 CAD
Price Per SF
$158.70 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.08
Lot Size
1.01 AC
Zoning
COMM - Survey Attached. Parcels: 109.06-1,056.00,000. and 109.06-1,057.00,000. 452 Main St. Vacant Land.
Parking
10 Spaces (2.83 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 109.06-1-056.00-000 | Improvements Assessment | $52,536 CAD |
| Land Assessment | $16,471 CAD | Total Assessment | $69,007 CAD |
Property Taxes
Parcel Number
109.06-1-056.00-000
Land Assessment
$16,471 CAD
Improvements Assessment
$52,536 CAD
Total Assessment
$69,007 CAD
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464 Main St
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