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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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