FEATURED PROPERTY

91 Park Lane Road
New Milford, CT

  • Level parcel with excellent visibility

    • 2.73-acres, suitable for a +-90-unit assisted living facility

    • Lighted intersection and +-363 feet of frontage at the corner of Route 202 and Route 109

    • Traffic and wetland studies available, approved for retail

    • City water and sewer available

    • Adjacent to Dunkin’ and 1.5 miles from New Milford Hospital

  • Opportunity to meet a major market need

    • New Milford’s POCD defines a need for senior housing in town

    • No other assisted living facilities currently exist in New Milford

  • B1/B2 Zone allows many other uses including medical/professional offices, retail, and banks

  • Current approvals in place for up to 22,000 SF retail space on two pads

    • Structure can be constructed as ‘Near Net Zero’

    • 50% - 80% savings on HVAC and electrical usage over conventional retail

    • Energy efficiency rebates and tax credits available

$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:

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203-797-0200

gryer@ryer.com