43 Main St

Prime Investment Opportunity on the Historic New Milford Green

43 Main Street | Offered at $2,865,000 | 7.5% 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.

📍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).