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    243 Broad St Unit Milford, CT 06460

    Sponsored
    For Sale
    $169,900

    Prime Location, Updated Space, Great Parking

    Property size:
    1,144 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This 1,144 square foot commercial condo is located at 243 Broad Street, Unit STE 1, in the vibrant downtown Milford, CT area. Situated in a newly refurbished and remodeled building at Greens End, this property offers an exceptional opportunity for a variety of professional office uses. The space has been occupied by a long-term dental practice, showcasing its suitability for medical or professional services. The building boasts excellent parking, ensuring convenient access for clients and staff. This is an ideal location for businesses seeking high visibility and accessibility, with proximity to major roadways including Route 1, I-95, and Route 15, as well as Milford's Train Station. The property is part of a self-managed HOA, which includes heat, hot water, and water service in the HOA fees. The HOA also maintains the roof, building structure, exterior, parking lot, trash removal, landscaping, snow removal, and exterior lighting. Unit owners and tenants are only responsible for electricity and internet/phone services. The building houses a diverse mix of businesses, including attorneys, skincare professionals, a real estate office, and therapists, creating a collaborative and professional environment. This is a rare opportunity to secure a well-maintained, conveniently located commercial space in a thriving downtown area. The asking price is $169,900.

    Property Features for 243 Broad St Unit

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,144 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Broadview Counseling and Assessment ... Mental Health Service Joy Real Estate ... Real Estate Agency My Skin Spot ... Skin Care Clinic Dr. Robert Kroepel Dentist Crane Family Law, ... Law Firm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.06428
    Latitude
    41.21951

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, Updated Space, Great Parking
    Where is this commercial real estate located?
    The property is located at 243 Broad St Unit Milford, CT.
    What is the asking price?
    The asking price for this property is $169,900.
    (203) 874-8094
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    243 Broad St Unit Milford, CT 06460
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    Realmo Value Estimation

    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.

    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.

    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
    243 Broad St Unit Milford, CT 06460
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