Mixed-Use Property with Studio
For Sale
Contact for pricing
188 Cherry St, Milford, CT 06460
New construction combines residential units, office space, warehouse space, elevator access, and surface parking in one commercial asset.
Property Size3,021 SF
Lot Size0.67 Acres
Days on Market130
Property Features for 188 Cherry St
General Information
Standard status
Active
Size
3,021 SF
Net Rentable
8,380 SF
Total Parking Spaces
34
Elevators
Yes
Lot size
0.67 Acres
Property subtype
Mixed Use
Units
Unit Mix
18 x studio
Multifamily Units
18
Additional Details
Average Monthly Rent
$1,951
Amenities
quartz countertops
stainless steel appliances
in-unit washer/dryers
Building Details
Year Built
2021
Buildings
1
Construction
brick/masonry and wood frame
Tenancy
Single
Listing Agency:
NorthEast Private Client Group Shelton
(203) 727-3212
Listed By:
Rich Edwards · License #RES.0802816
Source:
Crexi
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 30 at 9:27AM
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 NorthEast Private Client Group Shelton
Investment Insights
Based on property information with market context.
Completed in 2021, this mixed-use property combines 18 studio apartments with office and warehouse components. The residential portion contains 8,380 square feet of rentable area, while the commercial areas include 3,021 square feet of office space and 1,737 square feet of warehouse space. Brick/masonry and wood frame construction support the overall development, which occupies 0.67 acres.
Apartment features include quartz countertops, stainless steel appliances, in-unit washer/dryers, contemporary floor plans, upgraded finishes, and elevator access. The property also provides 34 surface parking spaces for residential and commercial occupants.
The office component is leased to Zurita Insurance & Financial Services through 2032, and Smith Construction occupies the warehouse space under a lease through 2031. The office and warehouse areas provide multiple commercial uses within the same property, while the residential component adds a substantial multifamily element.
Apartment features include quartz countertops, stainless steel appliances, in-unit washer/dryers, contemporary floor plans, upgraded finishes, and elevator access. The property also provides 34 surface parking spaces for residential and commercial occupants.
The office component is leased to Zurita Insurance & Financial Services through 2032, and Smith Construction occupies the warehouse space under a lease through 2031. The office and warehouse areas provide multiple commercial uses within the same property, while the residential component adds a substantial multifamily element.
Key Highlights
- 18 studio apartments totaling 8,380 square feet of residential rentable area
- 3,021 square feet of office space plus 1,737 square feet of warehouse space
- Completed in 2021 on 0.67 acres with brick/masonry and wood frame construction
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,573
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - New construction combines residential units, office space, warehouse space, elevator access, and surface parking in one commercial asset.
Where is this mixed-use property located?
The property is located at 188 Cherry St Milford, CT.
What are key features of this property?
This property features: 18 studio apartments totaling 8,380 square feet of residential rentable area; 3,021 square feet of office space plus 1,737 square feet of warehouse space; Completed in 2021 on 0.67 acres with brick/masonry and wood frame construction
