For Sale
$6,750,000

282 Boston Post RdMilford, CT 06460

6.1-acre development opportunity, Route 1

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 6.1-acre commercial and residential portfolio in Milford, Connecticut, presents a prime development opportunity. Located on Route 1 at the signalized intersection of Boston Post Road and Plains Road, this property boasts high visibility and accessibility with 546 linear feet of frontage and four curb cuts. The portfolio includes a 948 square foot convenience store currently leased until May 31, 2035, projected to generate $36,702 in income in 2024, with a 2% annual increase. Eight additional parcels comprise the offering: five residential homes situated on Bailey Lane, a 0.49-acre vacant lot, a 17,150 square foot warehouse, a 4,900 square foot retail store, a 3,645 square foot retail store, a 4,460 square foot garage, and a 7,830 square foot service shop. The property is zoned Corridor Design Development District (CDD-1), offering significant development flexibility. Its strategic location is further enhanced by proximity to I-95 (Exit 36), the Milford Parkway Connector to Route 15, the Milford Metro-North Train Station, and a Coastal Link Bus Stop. Nearby amenities include Dunkin', Aldi, Chase Bank, The Milford Bank, Cumberland Farms, Big Y World Class Market, and the Hampton Inn Milford. The asking price for this unique mixed-use portfolio is $6,750,000.

Highlights

  • 6.1-acre development site in Milford, CT, zoned CDD-1, listed at $6,750,000.
  • Mixed-use portfolio with a 948 SF leased convenience store and 8 additional parcels, producing $36,702 annual income (2024).
  • High-visibility corner lot at Boston Post Road and Plains Road, featuring 546 linear feet of frontage and four curb cuts.
  • Diverse property mix including five homes, vacant land, warehouse, retail space, garage, and service shop.
  • Excellent access to I-95 (0.5 miles), Milford Parkway Connector (1 mile), and Metro-North (1.2 miles).
  • Proximity to numerous amenities including Dunkin', Aldi, Chase Bank, Milford Bank, Cumberland Farms, Big Y, and Hampton Inn.

Property Details for 282 Boston Post Rd

Property type
Lifestyle centers, Power centers
Lot Size (sq. ft)
265,716 SF

Location Insight

City
Milford
County
New Haven
State
Connecticut
Latitude
41.222971
Longitude
-73.073125
282 Boston Post Rd, Milford, Connecticut

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282 Boston Post Rd
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