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    5 Medway Rd Milford, MA 01757

    For Lease
    Contact for pricing

    6,364 SF Free-Standing Retail Building

    Lot size:
    6,364 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 6,364 square foot free-standing retail building is available for lease in Milford, Massachusetts. Located at 5 Medway Road, this property offers a significant opportunity for businesses seeking a prominent location in Worcester County. The entire building is currently vacant, presenting a blank canvas for a single tenant or the potential for multiple occupants. The building's substantial size allows for a wide range of retail uses, providing ample space for inventory, display, and customer service areas. Its free-standing design offers excellent visibility and accessibility from the road, ensuring high traffic and customer exposure. The property is situated in Milford, MA, zip code 01757, providing convenient access to major roadways and a thriving local community. This is an ideal location for businesses seeking a strong presence in a bustling market. The property is classified as retail, with a free-standing, commercial subtype and multiple tenancy options. Serious inquiries are encouraged to explore the possibilities this versatile space offers. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Contact us today to schedule a viewing and discuss your business needs.

    Property Features for 5 Medway Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,364 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    6,364 SF

    HighLights

    • Dedicated tenant entrance.
    • 6,364 square feet available.
    • Immediate occupancy.
    • High‑traffic location on Medway Road (Route 109) with 26,610 ADT.
    • Strong co‑tenancy with Chase Bank, Big Y, Five Guys, Dunkin', KFC, IHOP, and Liquor World.
    Property Profile Location Intelligence

    Current Use by Public Records

    Karen Hanley Pharmacy Imrana Benincaso Pharmacy higi Health Consultant COVID-19 Drive-Thru Testing ... Medical Laboratory

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.5032244
    Latitude
    42.1498365

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    FAQs

    What type of property is this?
    Individual retail property - 6,364 SF Free-Standing Retail Building
    Where is this individual retail property located?
    The property is located at 5 Medway Rd Milford, MA.
    What are key features of this property?
    This property features: Dedicated tenant entrance.; 6,364 square feet available.; Immediate occupancy.
    Request Owner's contact information
    5 Medway Rd 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
    5 Medway Rd Milford, MA 01757
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