801 Boston Post RdMilford, CT 06460

Property Details for 801 Boston Post Rd

Lot size

2.10 AC

Zone code

CDD1

Property type

Investment properties

Property subtype

Live-work space

APN

MILF M:76 B:825 L:70

APU

MILFM76B825L70

Description

This exceptional 2.1-acre parcel presents a unique redevelopment opportunity in Milford, Connecticut. Situated at the highly visible, signalized intersection of Boston Post Road (Route 1) and Orange Avenue, this property boasts 382 feet of frontage on Route 1 and 185 feet on Orange Avenue. The site benefits from an average daily traffic count of approximately 22,176 vehicles on Route 1, ensuring significant exposure for any future development. Zoned CDD-1 (Corridor Design Development District), this land offers considerable flexibility for a variety of commercial and residential projects. Its strategic location between I-95 exits 38 and 39 provides easy access to major transportation arteries. The property's proximity to the Connecticut Post Mall and numerous national retailers further enhances its appeal. Adding to its desirability, the site is adjacent to a newly constructed Yale New Haven Urgent Care facility. This is one of the last large undeveloped parcels remaining in Milford, making it a truly rare and valuable investment opportunity. The asking price for this prime development land is $2,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $15,123,715

  6.5%

  $13,960,352

  7%

  $12,963,184

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,952,254

  Geo Method

  $11,952,254

• Alternative Use

  Use

  Valuation

  Residential

  $17,310,838

  Hospitality

  $15,856,634

  Educational

  $13,192,533

  Medical

  $13,646,245

  Retail

  $20,521,718

Location Insight

City

Milford

County

New Haven

State

Connecticut

Latitude

41.2319

Longitude

-73.055

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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