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Prime Mixed-Use Investment Opportunity Commercial + Residential Two Parcels Included Exceptional opportunity to own a highly visible mixed-use property in the heart of New Milford featuring two included parcels (109.06-1,056.00,000 & 109.06-1.057.00,000) encompassing 464 Main Street and 452 Main Street, New Milford, PA 18834. Ideally positioned just moments from Exit 223 off Interstate 81, this prominent corner location offers outstanding exposure at the intersection of Routes 11 and 492—one of the area's primary corridors leading to Montrose, the county seat. This versatile property presents a rare combination of commercial space, residential income potential, ample parking, and future development flexibility. The commercial portion offers an ideal setup for a variety of uses including professional offices, retail, café, boutique business operations, and more. The first floor features a welcoming reception area, four private offices, a spacious conference room, fresh paint, updated laminate flooring, and an additional updated one-bedroom apartment. The upper levels provide excellent income-producing potential with two additional renovated residential units, including a two-bedroom apartment and a three-bedroom apartment, both recently painted and updated. Additional highlights include: ' Two included parcels with additional land and expansion potential ' Prime corner visibility with approximately 5,000 vehicles per day (PennDOT traffic count) ' Large parking area plus two-car garage ' Large vacant lot offering additional possibilities ' Public water and sewer ' Surrounded by established local businesses, restaurants, convenience stores, hardware stores, and service providers ' Easy access to Interstate 81 Whether you're seeking an investment property, owner-occupant opportunity, business headquarters, or redevelopment potential, this property delivers flexibility and visibility in one of New Milford's most strategic locations. Offered at $395,000. Don't miss this unique opportunity to own a prominent mixed-use asset with multiple income streams and endless possibilities.

Source: BRIGHT MLS, MLS#: PASU2000174

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  • Property Type
    Residential
  • Lot
    1.02 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 464 MAIN STREET


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/4/2026Source: BRIGHT MLS Added to Database
June 04, 2026
Listing provided courtesy of Houwzer, LLC- MLS# PASU2000174MLS ProviderContact Information: [email protected] - 2677652080