189 Main StMilford, MA 01757

Property Details for 189 Main St

Year built

1990

Construction

STEEL FRAME

Lot size

0.40 AC

Property size (Sq ft)

5,250 SF

Zone code

CB

Property type

Car washes

APN

MILF M:33 B:000 L:3

APU

MILFM33B000L3

Description

This exceptional 2,750-square-foot medical office space at 189 Main Street is ideally suited for a variety of medical practices. Previously occupied by an orthodontist, the property is move-in ready and features a thoughtfully designed layout including a welcoming waiting room, a dedicated reception area, several treatment rooms, a functional lab space, and a private half-bath. A private office provides additional space for administrative tasks or consultations. The space is fully wired to support the technological needs of a modern medical practice. The building itself offers a secure environment with 24/7 CCTV surveillance and controlled electronic entry for enhanced safety and peace of mind. Accessibility is ensured with features compliant with ADA standards. This is a highly attractive Net lease opportunity, eliminating the burden of NNN costs, allowing for predictable and manageable operating expenses. The single-tenant occupancy provides a streamlined and efficient operational environment. This property presents a unique opportunity for a medical professional seeking a well-equipped and conveniently located space to establish or expand their practice. The location on Main Street offers excellent visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $1,275,933

  6.5%

  $1,177,784

  7%

  $1,093,657

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,728,632

  Geo Method

  $1,728,632

• Alternative Use

  Use

  Valuation

  Residential

  $993,505

  Hospitality

  $910,046

  Educational

  $757,147

  Medical

  $783,187

  Retail

  $1,177,784

Location Insight

City

Milford

County

Worcester

State

Massachusetts

Latitude

42.1506

Longitude

-71.5026

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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