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    231 West St Milford, MA 01757

    Sponsored
    For Sale
    $279,900

    Highway-accessible lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.85-acre commercial lot, located at 231 West St in Milford, Massachusetts (zip code 01757), presents a unique development opportunity. Situated in Worcester County, this property boasts highway commercial zoning, allowing for a maximum building size of approximately 4,500 square feet. The lot offers ample space for a commercial structure, along with additional parking. Please note that approximately 4 acres of the total 3.85 acres are designated as wetlands. This property is being offered for sale by owner at an asking price of $279,900. The precise latitude and longitude coordinates are 42.1455877, -71.5497164. Given its prime location and zoning, this land parcel represents a compelling investment for developers seeking a strategic foothold in the Milford market. Serious inquiries are encouraged to explore the potential of this valuable commercial property. The property is conveniently located in Milford, MA, offering easy access to major transportation routes. This makes it an attractive location for businesses seeking high visibility and convenient access for customers and employees.

    Property Features for 231 West St

    General Information

    Property type
    Land
    Lot Size
    167,706 SF

    HighLights

    • $279,900 asking price.
    • 3.85‑acre commercial land parcel.
    • Located at 231 West St, Milford, MA 01757.
    • Highway commercial zoning.
    • Maximum building size of 4,500 square feet.
    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 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
    -71.5497164
    Latitude
    42.1455877

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    FAQs

    What type of property is this?
    Land - Highway-accessible lot, ideal for development.
    Where is this land located?
    The property is located at 231 West St Milford, MA.
    What is the asking price?
    The asking price for this property is $279,900.
    What are key features of this property?
    This property features: $279,900 asking price.; 3.85-acre commercial land parcel.; Located at 231 West St, Milford, MA 01757.
    Request Owner's contact information
    231 West 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
    231 West St Milford, MA 01757
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