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    990 Naugatuck Ave Milford, CT 06461

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    8 Acres, Prime Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8.03-acre waterfront commercial property in Milford, CT, presents a significant development opportunity. Located within the Housatonic Design District (HDD) zoning, the site includes two parcels: a 2.32-acre vacant lot and a 5.71-acre parcel with three existing commercial buildings totaling 21,418 square feet, built in 1920. These buildings offer flexibility

    Property Features for 990 Naugatuck Ave

    General Information

    Property type
    Land
    Lot Size
    349,787 SF

    HighLights

    • 8.03‑acre waterfront commercial property in Milford, CT, offering significant development potential.
    • Located in the Housatonic Design District (HDD).
    • Two parcels included: a 2.32‑acre vacant lot and a 5.71‑acre parcel with three existing commercial buildings.
    • Existing buildings total 21,418 square feet and were built in 1920.
    • Buildings offer flexible use options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recycling Inc of Milford Waste Management Service COASTAL SANITATION, INC Garbage Dump Service

    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
    New Haven
    State
    Connecticut
    Longitude
    -73.1047255
    Latitude
    41.2139679

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    FAQs

    What type of property is this?
    Land - 8 Acres, Prime Commercial Land
    Where is this land located?
    The property is located at 990 Naugatuck Ave Milford, CT.
    What are key features of this property?
    This property features: 8.03-acre waterfront commercial property in Milford, CT, offering significant development potential.; Located in the Housatonic Design District (HDD).; Two parcels included: a 2.32-acre vacant lot and a 5.71-acre parcel with three existing commercial buildings.
    (203) 335-6600
    Request Owner's contact information
    990 Naugatuck Ave Milford, CT 06461
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    Milford, CT 06461
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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
    990 Naugatuck Ave Milford, CT 06461
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