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    227 Bridgeport Ave Milford, CT 06460

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    For Sale
    $650,000

    Restaurant with income and redevelopment potential in Milford, CT.

    Lot size:
    0.13 Acres

    Property Features for 227 Bridgeport Ave

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1920

    Source: Coldwell Banker Realty Agent Ralph Lewis

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

    Overview

    Restaurant with Redevelopment Potential

    The property at 227 Bridgeport Avenue in Milford, CT, presents an opportunity to acquire a fully operational restaurant with additional income and redevelopment potential. The site includes a 3,289 square foot building with two retail tenants. One tenant is Liberty Rock Tavern, an established restaurant with an updated interior since 2016. The sale also includes the adjacent parking lot at 563 Naugatuck Avenue. The property benefits from strong visibility and access, located minutes from I-95, the Milford train station, and the Merritt Parkway. New multifamily development is directly to the north, and a thriving downtown district underscores the area's momentum. City water, city sewer, and natural gas are in place. This property is ideal for an owner-operator or investor seeking a value-add or redevelopment play.
    Insight Report Location Intelligence

    Current Use by Public Records

    Fleet Electronics Inc Electrical Supply Store

    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
    New Haven
    State
    Connecticut
    Longitude
    -73.1014626
    Latitude
    41.2021592

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    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant with income and redevelopment potential in Milford, CT.
    Where is this conventional restaurant located?
    The property is located at 227 Bridgeport Ave Milford, CT.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Fully operational restaurant (Liberty Rock Tavern) included in sale.; - Additional income from second retail tenant.; - Includes adjacent parking lot at 563 Naugatuck Avenue.
    (203) 610-9670
    Request Owner's contact information
    227 Bridgeport Ave Milford, CT 06460
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    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
    227 Bridgeport Ave Milford, CT 06460
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