Price reduced for this Development opportunity property on the Market and available for sale for a well located 29.3 acre multi-zoned commercial and residential property with the option to purchase a 7acre B-2 zoned commercial parcel portion of the property. Located just minutes North of Downtown New Milford, CT with easy access from Fairfield County directly on high traffic CT Route 202 in Litchfield County. The 425 Litchfield Rd. property is comprised of 29.3acres including approximately 15acres in the B-2 General Business (Commercial) Zone and 14.3acres in the R-40 Residential zone. The property is adjacent to CT Route 202 on Litchfield Rd in the Town of New Milford. The 29.3acre property has the opportunity to develop for both residential and commercial uses including single and multi-family type residential units. Available is a feasibility concept study subject to approval showing the potential to construct an approximate 10,000 building on the site. In addition, it is feasible to divide the 7acre parcel to build Two 10,000sf 2 story buildings with 5,000sf footprints. The property has approximately 1,700′ of road frontage directly on Route 202 with a high traffic count. Approximately 15 Acres is zoned B-2 allowing numerous Industrial, and commercial uses including Warehousing, Manufacturing, Retail, Offices, Auto Sales and Repair, Contractor shop and storage. A new A-2 survey map has been completed for additional feasibility planning. Owner Financing Available.