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Updated Mixed-Use Property Near Beach
For Sale
$950,000

341 Naugatuck Avenue, Milford, CT 06460

Fully updated mixed-use property near Walnut Beach.

Property Size2,330 SF
Lot Size0.13 Acres
Price / SF$407.73
Days on Market236

Property Features for 341 Naugatuck Avenue

General Information

Standard status Active
Size 2,330 SF
Lot size 0.13 Acres
Property subtype Commercial

Building Details

Year Built 1930
Listing Agency: Century 21 Galvez
Listed By: ALEX GALVEZ
Source: Corcoran
Added: Dec 6, 2025 Changed: Jul 6 Last Checked: Jul 30 at 7:37AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Galvez

Investment Insights

Based on property information with market context.

This mixed-use property is located approximately 5 minutes from Walnut Beach. The building has been fully updated, including a new roof, siding, electrical, plumbing, and boilers. The residential component features a 3-bedroom duplex with 2 full bathrooms. The first floor includes a commercial storefront suitable for a restaurant, offering visibility and potential to attract local and seasonal beach traffic. On-site parking is available for approximately 10 cars, accommodating both residential and commercial needs. The property is positioned as a turnkey mixed-use opportunity, combining upgrades, income potential, and proximity to the waterfront. The property size is 2330 square feet.

Key Highlights

  • Fully updated with new roof, siding, electrical, plumbing, and boilers.
  • Prime, high‑traffic location just 5 minutes from Walnut Beach.
  • Commercial storefront ideal for a restaurant with high visibility.

Property Analytics

Current Use

LibertyX Bitcoin ATM Atm

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Daycare Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

450
Businesses Nearby

Demographics for 06460, CT

37,310
Population
17,800
Households
2.1
Avg Household Size
46
Median Age
49%
College-Educated
97%
High-School Grad
12.4 sq mi
ZIP Area
3,009
Density / Sq Mi
$106,776
Median Household Income
$66,334
Median Earnings
$1,804
Median Rent
$372,900
Median Home Value

Market

Properties on Market for Mixed-use properties in Milford

Jan
Feb
Mar
Apr
May
Jun

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Fully updated mixed-use property near Walnut Beach.
Where is this mixed-use property located?
The property is located at 341 Naugatuck Avenue Milford, CT.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Fully updated with **new roof, siding, electrical, plumbing, and boilers.**; Prime, high‑traffic location just 5 minutes from Walnut Beach.; Commercial storefront ideal for a restaurant with **high visibility.**
More about this property
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