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    296 Main St Milford, MA 01757

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    For Sale
    $1,200,000

    4,000 SF building on 0.48-acre corner parcel in Milford, MA.

    Lot size:
    0.31 Acres

    Property Features for 296 Main St

    General Information

    Lot size
    0.31 Acres

    Building Details

    Year built
    1960

    Source: Michael Hartwick Agent Michael Hartwick

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

    Overview

    Freestanding Building in Central Business District

    Located at 296 Main Street, this commercial property is situated in the heart of Milford's Central Business District. The 4,000 SF freestanding building sits on a 0.48-acre corner parcel with 82 feet of direct frontage on Route 16/Main Street. The property is surrounded by medical, municipal, and daily-needs retail. The sale includes a separate lot across the street, providing overflow parking and future development flexibility. The rear area offers value-add potential, such as expanding back-of-house for a bakery/commissary, launching a delivery-first ghost kitchen, dividing the space for a second retail bay, or expanding the restaurant's dining/bar program, all subject to approvals. The building has been continuously updated and maintained, including fresh exterior paint, renovated restrooms, and an upgraded electrical service. All kitchen infrastructure and spare catering equipment will convey.
    Insight Report Location Intelligence

    Current Use by Public Records

    Craig M. Julian, ... Chiropractor Oxford Dental Dentist Arora Jaspreet DDS Dentist Back In Balance Massage ... Massage Therapist Jr's Diner Diner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.5233058
    Latitude
    42.1359924

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    FAQs

    What type of property is this?
    Restaurant - 4,000 SF building on 0.48-acre corner parcel in Milford, MA.
    Where is this restaurant located?
    The property is located at 296 Main St Milford, MA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Milford's Central Business District, fronting Route 16/Main Street.; - Includes a separate lot across the street for overflow parking and future development.; - Flexible rear area offers immediate value-add opportunities (bakery/commissary, ghost kitchen, retail bay, expanded dining/bar).
    (617) 371-7276
    Request Owner's contact information
    296 Main St Milford, MA 01757
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    296 Main St
    Milford, MA 01757
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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
    296 Main St Milford, MA 01757
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