40 S Main St, Milford, MA 01757
Steel I-beam retail building with showroom-ready ceilings, parking, and public water and sewer connections.
- Added:
- Jun 5, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 7 at 1:42 am
Property Features for 40 S Main St
General Information
- Standard status
- Active
- Size
- 1,792 SF
Building Details
- Year Built
- 1952
Listing agent The Elevate Group
Listing office Keller Williams Pinnacle Central
Listing date Jun 5, 2026
Source 413realestate
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
- Free‑standing retail building built in 1952 with steel I‑beam construction in downtown Milford
- 1,792 SF versatile space with 12‑foot ceilings, suited for a showroom, professional office, or boutique
- Paved driveway with ample parking on‑site
- Connected to public water and sewer utilities
- Convenient access to RT 16 and public transportation
Overview
Located in the heart of Milford’s downtown community at 40 S Main St, the building is positioned for visibility and practical day-to-day accessibility. Public remarks note access to RT 16 and public transportation, helping support retail and office activity. The building is connected to public water and sewer utilities.
This asset may fit owners seeking an established, centrally located storefront with adaptable interior layout and dedicated parking. The property is described as legal non-conforming, which is an item for buyers to review as part of their use and development planning. With a proven commercial history connected to a floor covering operation for over 50 years, the building offers a commercial setting that can be repurposed for a new concept within a downtown business district.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.8k | $30.00 |
| − Vacancy | −$10.2k | −$5.70 |
| EGI | $43.5k | $24.30 |
| − OpEx | −$10.9k | −$6.08 |
| NOI | $32.7k | $18.23 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Milford
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.5156302
- Latitude
- 42.1430468
