This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

946 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

143 West St - 109 Approved Units

3.75 Acres of Commercial Land Offered at £1,643,145 in New Milford, CT 06776

Investment Highlights

  • Waterfront on Lake Lillinonah
  • Adjacent to existing marina and office flex building.
  • Close to town green of New Milford, CT.

Executive Summary

Attention: Developers, Investors & Entrepreneurs!! PLANS, APPROVALS AND LAND for fully approved 109 unit four story residential complex on beautiful Lake Lillinonah. This project consists of 58 one-bedroom and 51 two-bedroom units, for which market rental rates of $1,850 for 2 BDRM and $1,450 for 1 BDRM have been used to develop proforma. By adding ancillary income for parking, etc., the total income is projected to be approximately $2.2 million annually. Total cost of the project including land is estimated to be in the low $20 million range. Town encourages submission of tax abatement, which can now be up to 10 years in CT.

Attachments

143 West St Brochure
Bleachery Apartments Approval Schedule
Bleachery Apartments Unit Matrix Rev
Bleachery Apartments Typical Floor Plan
Bleachery Apartments Site Plan

Property Facts

Price £1,643,145 Property Subtype Commercial
Sale Type Investment Proposed Use
Apartment Units - Condo
  • Apartment Units - Senior
No. Lots 1 Total Lot Size 3.75 AC
Property Type Land
Price £1,643,145
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units - Condo
  • Apartment Units - Senior
Total Lot Size 3.75 AC

1 Lot Available

Lot 143

Price £1,643,145 Lot Size 3.75 AC
Price Per AC £438,172
Price £1,643,145
Price Per AC £438,172
Lot Size 3.75 AC

One-of-a-kind opportunity to create highly desirable living space by taking advantage of an irreplaceable location on the Housatonic River at the head of Lake Lillinonah. Close to New Milford town green and adjacent to existing marina/office bldg.

Description

3.75 acre approved multi-family on Lake Lillinonah. Purchase price includes all approvals and plans.

1 of 1

PROPERTY TAXES

Parcel Number NMIL-000022-000004-000025-000002 Improvements Assessment £1,362,441
Land Assessment £390,630 Total Assessment £1,753,071

PROPERTY TAXES

Parcel Number
NMIL-000022-000004-000025-000002
Land Assessment
£390,630
Improvements Assessment
£1,362,441
Total Assessment
£1,753,071

zoning

Zoning Code Commercial & Residential
Commercial & Residential
(203) 695-1003

Contacts

  • Listing ID: 13114168

  • Date on Market: 02/01/2018

  • Last Updated:

  • Address: 143 West St, New Milford, CT 06776

The Land Property at 143 West St, New Milford, CT 06776 is currently available for sale. Contact Scalzo Commercial & New Development for more information.

Nearby Listings

1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/3
143 West St, New Milford, CT for sale Other- Image 1 of 3
Bleachery Apartments 1
143 West St, New Milford, CT for sale Other- Image 2 of 3
Bleachery Apartments 2

1 of 1

Connect with us

© 2024 CoStar Group

143 West St - 109 Approved Units
(203) 695-1003 x

143 West St - 109 Approved Units

1/2

Paul Scalzo

(203) 695-1003

(203) 695-1003

Michele Brown

(203) 695-1003

(203) 695-1003

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link