Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Commercial Building in Milford Title is generated by Realmo AI

    100 2nd Street, Milford, PA 18337

    View on Map
    Claim this Listing
    For Sale
    $349,000

    COMMERCIAL - Milford, PA

    Property size:
    1,500 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $232/SF
    Added:
    Apr 27, 2025
    Days on Market:
    381
    Last Refresh:
    May 12 at 4:06 pm

    Property Features for 100 2nd Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    (CO4)
    Rooms
    Basement
    Parking
    4
    Parking features
    Off Street, On Street, Driveway
    Security features
    Security System
    Exterior features
    Lighting
    Basement
    Storage Space
    Standard status
    Active
    APN
    113.17-01-32 000456
    Size
    1,500 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    113.17-01-32 Control 000456Milford Borough - 08
    Tax Annual Amount
    4869

    Utilities

    Sewer type
    Cesspool
    Heating system
    Hot Water(Heating), Natural Gas
    Cooling system
    Multi Units
    Water source
    Public

    Building Details

    Year built
    1820
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Hardwood
    Building materials
    Frame
    Roof type
    Asphalt, Metal

    We can help!

    Listing Contact
    Elena Quinn
    Elena Quinn

    Listing agent Elena Quinn

    Listing office Keller Williams RE Milford 205 E Harford Street, Stroudsburg, PA

    Listing date Apr 27, 2025

    MLS# PW-251114 Listing URL

    Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Located in the walkable heart of Milford, PA, this commercial building offers a blend of historic character and modern updates. Originally built in the 1800s, the property contains over 1,500 square feet. The building features updated hardwood flooring, an open layout, and high foot traffic in Milford's Cultural District. It is situated close to local shops, cafes, Log Tavern Brewery, and La Posada, and offers convenient access to Route 84, Route 209, and the bridge into New Jersey. The property includes a bathroom with shower, a small kitchen, a metal roof, wheelchair access in the rear, 200 AMP service, city water, and adequate backyard space for a patio. The property is currently used as a guitar business. The zoning is (CO4). It is located minutes from New York and New Jersey, and approximately 1 1/2 hours from New York City. This building is suitable for an art gallery, design studio, office, retail space, cookie shop, barber shop, yoga studio, creative showroom, or therapy office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cabinet Shop Kitchens ... Hardware & Home Improvement Water Wheel Guitars (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Bashful Blooms — 319 Broad St, Milford, PA 18337

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Pike
    State
    Pennsylvania
    Longitude
    -74.7992947
    Latitude
    41.3185972

    Nearby Similar for Sale

    • $349,000
      1,539 SF

      Historic Commercial Building in Milford

      Unique 1,500+ sq ft commercial building in Milford, PA.
      100 2nd Street, Milford, PA 18337
      View Details
    • $649,000
      3,400 SF

      Renovated Commercial Property in Milford

      Versatile investment opportunity with three income-producing units in Milford.
      578 US-6, Milford, PA 18337
      View Details
    • $2,250,000
      9,285 SF

      Iconic Restaurant and Pub Opportunity

      Turn-key restaurant and pub with liquor license near New York City.
      Confidential, Milford, PA 18337
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Retail space with excellent visibility and access to Route 29.
      102 Milford Landing Drive, Milford, PA 18337
      View Details
    • $740,000

      Milford Mixed-Use Investment Opportunity

      Mixed-use property with commercial space and residential charm.
      111 Mountain Springs Road, Milford, PA 18337
      View Details

    FAQs

    What type of property is this?
    Storefront property - Unique commercial building in Milford's vibrant cultural district.
    Where is this storefront property located?
    The property is located at 100 2nd Street Milford, PA.
    What is the asking price?
    The asking price for this property is $349,000.
    (845) 313-6332
    We can help!
    Listing Contact
    Elena Quinn
    Elena Quinn
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    100 2nd Street, Milford, PA 18337
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!