New Milford Retail for Sale - New Milford/SW Litchfield
Prime Investment Opportunity on the Historic New Milford Green
43 Main Street | Offered at $2,700,000 | Approximately 8.36% 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. Leasing at $10.00 on this space would increase the CAP Rate to 9.6%
*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 and Town Hall make it a true downtown anchor.
*Quality Condition & Recent Upgrades: Constructed in 1960/1970, the buildings feature recently remodeled front and rear façades with new display windows overlooking the Green. Taxes are favorable at $1.72/SF (2025).NOTE: The new tax assessment has the taxes being reduced by $3,000 per year.
*Proactive Economic Environment: New Milford is a town that “says Yes” to business. Investors benefit from tax abatements (up to 100% for five years on new improvements), façade improvement programs, streamlined approvals, and active economic development support. With a wave of new businesses opening and potential enhancements such as commuter rail expansion and downtown revitalization, momentum clearly favors growth.
*Why Invest Here? Few properties combine historic location, stable tenancy, redevelopment potential, and municipal support as effectively as 43 Main Street. Anchored by nationally recognized and locally beloved tenants, backed by a vibrant and proactive community, and poised for future upside, this property represents a unique opportunity to secure a well-located asset in one of Connecticut’s most attractive town centers.
* 43 Main Street, New Milford, CT
Price: $2,700,000 | Cap Rate: Existing CAP Rate is 8.17%
Note: This is an exclusive offering of Advantage Realty Inc. Buyer’s agent participation is welcomed, with compensation to be provided by the Buyer under a separate agreement.
Call J. Michael Struna at 203-733-1290 or email mike@advantagerealtyinc.com. / Chris Cosio at 203-524-8635 or chris@advantagerealtyinc.com.
