Free-Standing Retail Building in Milford

40 S Main St, Milford, MA 01757

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For Sale

$515,000

Retail building in Milford's downtown with high visibility and parking.

Type:Commercial

Property size:

1,792 SF

Price / SF:

$287/SF

HighLights

Prime downtown Milford location with high visibility and excellent access to RT 16 and public transportation
1,792 sq ft of versatile space with 12‑foot ceilings, suitable for various business types (showroom, office, boutique)
Established commercial success with a 50+ year history as a floor covering company
Ample parking and a paved driveway
Steel I‑beam construction
Connected to public water and sewer utilities

We can help!

Listing Contact

The Elevate Group

Learn more

For Sale

$515,000

Retail building in Milford's downtown with high visibility and parking.

Type:Commercial

Property size:

1,792 SF

Price / SF:

$287/SF

Added:: Apr 25, 2026
Days on Market:: 48
Last Refresh:: Apr 25 at 6:19 am

Property Features for 40 S Main St

General Information

Standard status: Active
Size: 1,792 SF
Property subtype: Commercial

Building Details

Year Built: 1952

We can help!

Listing Contact

The Elevate Group

Listing agent The Elevate Group

Listing office Keller Williams Pinnacle Central

Listing date Apr 25, 2026

Source Liongatere

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 Keller Williams Pinnacle Central

HighLights

Prime downtown Milford location with high visibility and excellent access to RT 16 and public transportation
1,792 sq ft of versatile space with 12‑foot ceilings, suitable for various business types (showroom, office, boutique)
Established commercial success with a 50+ year history as a floor covering company
Ample parking and a paved driveway
Steel I‑beam construction
Connected to public water and sewer utilities

Overview

This free-standing retail building, constructed with steel I-beams in 1952, is located in downtown Milford. The property, situated at 40 S Main St, has operated as a local floor covering company for over 50 years. The building offers 1,792 square feet of space with 12-foot ceilings, suitable for a showroom, professional office, or boutique. The site has high visibility and access to RT 16 and public transportation. It includes a paved driveway and ample parking. The building is connected to public water and sewer utilities. The property is a legal non-conforming use.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$38.7k	$21.60
− Vacancy	−$852	−$0.48
EGI	$37.9k	$21.12
− OpEx	−$11.4k	−$6.34
NOI	$26.5k	$14.79

1,792 SF · lease $21.60/SF/yr · vacancy 2.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$378.6K

$331.2K – $441.7K (±1% cap)

NOI $26,499 @ 7.0% cap · market cap 5.15%

Second Best

—

no second resolved use

Theoretical Best

Office A

$611.9K

$535.5K – $713.9K (±1% cap)

NOI $42,836 @ 7.0% cap · market cap 8.32%

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

Location Intelligence

Current Use by Public Records

Car-Leo Floor Covering Carpet & Flooring Store

Suggested Use

Location Insight

Map
Local Demand

City: Milford
County: Worcester
State: Massachusetts
Longitude: -71.5156302
Latitude: 42.1430468

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For sale
Storefront properties
MA
Milford
01757
40 S Main St

What type of property is this?

Storefront property - Retail building in Milford's downtown with high visibility and parking.

Where is this storefront property located?

The property is located at 40 S Main St Milford, MA.

What is the asking price?

The asking price for this property is $515,000.

What are key features of this property?

This property features: Prime downtown Milford location with high visibility and excellent access to RT 16 and public transportation; **1,792 sq ft of versatile space with 12‑foot ceilings**, suitable for various business types (showroom, office, boutique); Established commercial success with a 50+ year history as a floor covering company