Multi-Building Retail & Bank
For Sale
Contact for pricing
98 Prospect Street, Milford, MA 01757
Multi-building retail portfolio on Route 140 anchored by Rite Aid and includes a freestanding Santander Bank.
Property Size35,400 SF
Days on Market122
Property Features for 98 Prospect Street
General Information
Standard status
Active
Size
35,400 SF
Property subtype
Retail
Site & Location
Traffic Count
15,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Boston
(617) 896-7200
Listed By:
Adam Cohen · License #MA 9551336
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 7:11AM
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 Marcus & Millichap - Boston
Investment Insights
Based on property information with market context.
This for-sale portfolio includes three buildings on two parcels, featuring Hill Plaza, a seven-tenant shopping plaza anchored by Rite Aid. The offering also includes an adjacent strip center at 114–126 Prospect Street with tenants that include Advance Auto, Honey Dew Donuts, and a local fitness center, along with a freestanding Santander Bank. In total, the properties house 11 tenants across 35,400 SF of leasable space, with a tenant mix that blends national, regional, and local operators.
The properties are located on Route 140 and benefit from traffic counts exceeding 15,000 vehicles per day. The site is surrounded by other retail and service uses, including additional banks and grocery, as well as office buildings and medical facilities, including Milford District Court and Milford Regional Medical Center.
A standalone Santander Bank is highlighted in the tenant roster, with 15 years remaining on its current lease term and three five-year options following thereafter.
The properties are located on Route 140 and benefit from traffic counts exceeding 15,000 vehicles per day. The site is surrounded by other retail and service uses, including additional banks and grocery, as well as office buildings and medical facilities, including Milford District Court and Milford Regional Medical Center.
A standalone Santander Bank is highlighted in the tenant roster, with 15 years remaining on its current lease term and three five-year options following thereafter.
Key Highlights
- Three‑building retail portfolio on two parcels totaling 35,400 SF of leasable space and 11 tenants.
- Hill Plaza is a seven‑tenant shopping plaza anchored by Rite Aid.
- 114–126 Prospect Street strip center includes Advance Auto and Honey Dew Donuts, plus a local fitness center.
Property Analytics
Current Use
Lease Details
15,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
50k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 70%
Dining 21%
Shops & Services 9%
Shaw's Supermarket
Groceries
35,033 visits/mo
0.1 miles
Honey Dew Donuts
Dining
8,764 visits/mo
0.0 miles
Santander Bank
Shops & Services
4,259 visits/mo
0.1 miles
SUBWAY
Dining
1,867 visits/mo
0.0 miles
Demographics for 01757, MA
30,479
Population
11,833
Households
2.6
Avg Household Size
40
Median Age
34%
College-Educated
87%
High-School Grad
15.1 sq mi
ZIP Area
2,018
Density / Sq Mi
$92,951
Median Household Income
$47,975
Median Earnings
$1,702
Median Rent
$444,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-building retail portfolio on Route 140 anchored by Rite Aid and includes a freestanding Santander Bank.
Where is this shopping center located?
The property is located at 98 Prospect Street Milford, MA.
What are key features of this property?
This property features: Three‑building retail portfolio on two parcels totaling 35,400 SF of leasable space and 11 tenants.; Hill Plaza is a seven‑tenant shopping plaza anchored by Rite Aid.; 114–126 Prospect Street strip center includes Advance Auto and Honey Dew Donuts, plus a local fitness center.
