FEATURED PROPERTY
91 Park Lane Road
New Milford, CT
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Level parcel with excellent visibility
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2.73-acres, suitable for a +-90-unit assisted living facility
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Lighted intersection and +-363 feet of frontage at the corner of Route 202 and Route 109
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Traffic and wetland studies available, approved for retail
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City water and sewer available
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Adjacent to Dunkin’ and 1.5 miles from New Milford Hospital
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Opportunity to meet a major market need
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New Milford’s POCD defines a need for senior housing in town
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No other assisted living facilities currently exist in New Milford
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B1/B2 Zone allows many other uses including medical/professional offices, retail, and banks
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Current approvals in place for up to 22,000 SF retail space on two pads
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Structure can be constructed as ‘Near Net Zero’
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50% - 80% savings on HVAC and electrical usage over conventional retail
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Energy efficiency rebates and tax credits available
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$22,500/Unit with Approvals in Place: $2,025,000
$21,000/Unit if Buyer Obtains: $1,890,000
Contact M. Augustus Ryer, CCIM for more information:

203-797-0200