40 Main StMilford, MA 01757

Property Details for 40 Main St

Year built

1952

Construction

FRAME

Lot size

0.10 AC

Property size (Sq ft)

1,792 SF

Zone code

RA

Property type

Retail space

APN

MILF M:52 B:000 L:369A

APU

MILFM52B000L369A

Description

This exceptional opportunity presents a thriving, established flooring business complete with its prime real estate location at 40 S Main St, Milford, MA 01757. The 1,795 square foot storefront, situated on a 4,500 square foot lot, boasts 10 parking spaces, making it highly accessible for customers. Built in 1952 and renovated in 2017, the single-story building is zoned RA and offers a single unit tenancy. The business itself has a remarkable 50+ year history of providing quality residential and commercial flooring sales and installation services. The asking price of $589,900 includes both the business and the real estate, representing a price per square foot of $328.64. The current owner is retiring and will provide training and a smooth transition to the new buyer. This turnkey operation presents significant growth potential, with the possibility of expanding product lines and leveraging marketing strategies to reach a wider customer base. The property's location within the Route 495 belt provides excellent regional accessibility. The occupancy date is April 30, 2023. This is a rare chance to acquire a well-established, profitable business with significant upside potential in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $435,519

  6.5%

  $402,017

  7%

  $373,302

• Comparable approach

  Method

  Valuation

  Relative Method

  $590,040

  Geo Method

  $590,040

• Alternative Use

  Use

  Valuation

  Residential

  $339,116

  Hospitality

  $310,629

  Educational

  $258,440

  Medical

  $267,328

  Retail

  $402,017

Location Insight

City

Milford

County

Worcester

State

Massachusetts

Latitude

42.1356

Longitude

-71.5209

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].