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    583 Anderson Ave Milford, CT 06460

    For Sale
    $319,999

    Land with limited industrial zoning, development potential, existing residence.

    Lot size:
    0.55 Acres

    Property Features for 583 Anderson Ave

    General Information

    Lot size
    0.55 Acres

    Building Details

    Year built
    1942

    Source: Complete Real Estate Agent Patrick Garrett

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Milford Commercial Land Opportunity

    This property is currently a single-family home that has been grandfathered in by the Town of Milford. The parcel is zoned Limited Industrial Zoning, offering a prime opportunity for developers to explore a wide range of potential uses such as an office building, warehouse, manufacturing facility, or parking lot. With flexible zoning and a strategic location, the lot presents significant development potential. Alternatively, the existing single-family residence can be restored or repurposed. Further due diligence with the town of Milford is encouraged.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0121246
    Latitude
    41.2368335

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    FAQs

    What type of property is this?
    Commercial land - Land with limited industrial zoning, development potential, existing residence.
    Where is this commercial land located?
    The property is located at 583 Anderson Ave Milford, CT.
    What is the asking price?
    The asking price for this property is $319,999.
    What are key features of this property?
    This property features: - Grandfathered single-family home status in Limited Industrial Zoning.; - Prime development opportunity for office, warehouse, manufacturing, or parking.; - Flexible zoning allows for diverse potential uses.
    (203) 927-7309
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    583 Anderson Ave 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
    583 Anderson Ave Milford, CT 06460
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