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    123 Union Sq Milford, NH 03055

    Sponsored
    For Sale
    $730,000

    Restaurant & Apartment, River Views

    Property size:
    2,714 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional Milford, NH property at 123 Union Square boasts 2,714 square feet on a 0.04-acre lot. The ground floor, previously a food service establishment, offers a prime commercial storefront in a high-traffic area. It's equipped with a commercial stove and hand wash sinks, ideal for a variety of businesses. Refrigeration is negotiable. The upper level features a three-bedroom apartment, currently undergoing renovations to be completed before sale, providing additional income potential or owner-occupied living. Enjoy stunning river views from both the commercial space and the apartment. This property presents a unique opportunity for both business owners seeking a high-visibility location and investors looking for a strong return. The previous owner operated the business from the first floor and lived in the apartment above. The property is currently vacant and offers a projected 8% capitalization rate, indicating positive cash flow potential. This is a rare chance to acquire a mixed-use property in a desirable Milford location. The building is ready for a new owner to bring their vision to life. Don't miss this chance to own a piece of Milford's vibrant commercial landscape.

    Property Features for 123 Union Sq

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,714 SF
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Island Bowls Cafe ... Health Food Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant 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
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.64988
    Latitude
    42.83605

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    FAQs

    What type of property is this?
    Commercial real estate - Restaurant & Apartment, River Views
    Where is this commercial real estate located?
    The property is located at 123 Union Sq Milford, NH.
    What is the asking price?
    The asking price for this property is $730,000.
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    123 Union Sq Milford, NH 03055
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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
    123 Union Sq Milford, NH 03055
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