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    40 Main St Milford, MA 01757

    Sponsored
    For Sale
    $589,900

    Established Flooring Business w/Real Estate

    Property size:
    1,795 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents a thriving, established flooring business complete with its prime real estate location at 40 S Main St, Milford, MA 01757. The 1,795 square foot storefront, situated on a 4,500 square foot lot, boasts 10 parking spaces, making it highly accessible for customers. Built in 1952 and renovated in 2017, the single-story building is zoned RA and offers a single unit tenancy. The business itself has a remarkable 50+ year history of providing quality residential and commercial flooring sales and installation services. The asking price of $589,900 includes both the business and the real estate, representing a price per square foot of $328.64. The current owner is retiring and will provide training and a smooth transition to the new buyer. This turnkey operation presents significant growth potential, with the possibility of expanding product lines and leveraging marketing strategies to reach a wider customer base. The property's location within the Route 495 belt provides excellent regional accessibility. The occupancy date is April 30, 2023. This is a rare chance to acquire a well-established, profitable business with significant upside potential in a desirable location.

    Property Features for 40 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,795 SF

    Building Details

    Year Built/Renovated
    1952/2017
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Established flooring company with over 50 years of proven success, including sales and installation of residential and commercial flooring.
    • Real estate included in the sale price.
    • High potential for growth through expanded product lines and marketing.
    • Turnkey operation with existing client base and scheduled jobs; seller will provide training.
    • Strategically located within the Route 495 belt.
    Property Profile Location Intelligence

    Current Use by Public Records

    Car-Leo Floor Covering Carpet Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.5208808
    Latitude
    42.1355297

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    FAQs

    What type of property is this?
    Individual retail property - Established Flooring Business w/Real Estate
    Where is this individual retail property located?
    The property is located at 40 Main St Milford, MA.
    What is the asking price?
    The asking price for this property is $589,900.
    What are key features of this property?
    This property features: Established flooring company with over 50 years of proven success, including sales and installation of residential and commercial flooring.; Real estate included in the sale price.; High potential for growth through expanded product lines and marketing.
    Request Owner's contact information
    40 Main St Milford, MA 01757
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    Milford, MA 01757
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40 Main St Milford, MA 01757
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