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    2 Old Gate Ln Milford, CT 06460

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    For Sale
    Contact for pricing

    High-traffic retail pads near Lowe's & Hilton.

    Property size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents two prime development pads, shadow-anchored by a Lowe's and a Hilton hotel, offering unparalleled visibility and accessibility. Located in Milford, Connecticut, on Old Gate Lane, this property boasts a highly desirable location with exceptional traffic counts. The site benefits from direct access to I-95, a major interstate highway with an impressive 124,784 average daily traffic (ADT), ensuring significant exposure to potential customers. Old Gate Lane itself sees 20,772 ADT, further enhancing the property's visibility. The pads offer full signalized access, ensuring safe and convenient ingress and egress. Prominent pylon signage opportunities are available, providing excellent branding potential for businesses. Each pad is serviced by city water, sewer, gas, and electric utilities, simplifying development and operational needs. Three pads are available, with sizes ranging from 3,200 to 8,000 square feet, and lot sizes ranging from 1.2 to 1.84 acres, providing flexibility for various retail concepts. This is an exceptional opportunity to establish a thriving business in a high-traffic, well-established retail environment. The property's strategic location, coupled with its impressive amenities and visibility, makes it an ideal investment for discerning businesses seeking a prime retail location in Milford, Connecticut.

    Property Features for 2 Old Gate Ln

    General Information

    Property type
    Land
    Square Feet
    3,200 SF
    Lot Size
    52,272 SF

    HighLights

    • Shadow‑anchored by Lowe's and Hilton hotel.
    • 1.84‑acre and 1.2‑acre pads available.
    • 20,772 ADT on Old Gate Lane.
    • Located directly off I‑95 (124,784 ADT).
    • Full signalized access.
    • Prominent pylon signage opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0262599
    Latitude
    41.233868

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    FAQs

    What type of property is this?
    Land - High-traffic retail pads near Lowe's & Hilton.
    Where is this land located?
    The property is located at 2 Old Gate Ln Milford, CT.
    What are key features of this property?
    This property features: Shadow-anchored by Lowe's and Hilton hotel.; 1.84-acre and 1.2-acre pads available.; 20,772 ADT on Old Gate Lane.
    Request Owner's contact information
    2 Old Gate Ln Milford, CT 06460
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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
    2 Old Gate Ln Milford, CT 06460
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