1602 Boston Post RdMilford, CT 06460

Property Details for 1602 Boston Post Rd

Year built

1998

Construction

STEEL FRAME

Lot size

0.59 AC

Property size (Sq ft)

15,944 SF

Zone code

CDD5

Property type

Other commercial real estate

Property subtype

Showrooms

APN

MILF M:100 B:804 L:8-C

APU

MILFM100B804L8C

Description

This exceptional two-story retail building, situated on a 0.59-acre lot at 1602 Boston Post Road in Milford, offers a unique sublease opportunity. The 15,944 square foot building features four suites, with a minimum divisible space of 2,500 square feet and a maximum of 7,500 square feet available. The building boasts a durable concrete/cinder block construction, ensuring longevity and low maintenance. Its convenient location on US Route 1, near the Milford Mall, provides excellent visibility and accessibility, benefiting from high traffic counts and ample parking. The property's zoning is CDD5. The building includes an elevator for easy access to both floors. This versatile space is ideal for a variety of businesses, offering flexible configurations to accommodate diverse needs. Its proximity to Interstate 95 provides convenient access for employees and customers alike. This is a rare opportunity to secure a well-maintained, strategically located retail space in a thriving area. The building's solid construction and prime location make it an attractive option for businesses seeking a high-traffic, easily accessible location. Don't miss this chance to establish your business in a highly visible and convenient setting.

• CAP approach

  CAP return

  Valuation

  6%

  $3,874,948

  6.5%

  $3,576,876

  7%

  $3,321,384

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,249,772

  Geo Method

  $5,249,772

• Alternative Use

  Use

  Valuation

  Residential

  $3,017,228

  Hospitality

  $2,763,765

  Educational

  $2,299,420

  Medical

  $2,378,500

  Retail

  $3,576,876

Location Insight

City

Milford

County

New Haven

State

Connecticut

Latitude

41.2464

Longitude

-73.0275

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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