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    138 Main St Milford, MA 01757

    Sponsored
    For Lease
    Contact for pricing

    Prime Milford, MA retail space available.

    Lot size:
    50,205 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Milford Square, located at 138 South Main Street in Milford, Massachusetts (zip code 01757), presents a compelling retail investment opportunity. This four-story commercial property, totaling 50,205 square feet, offers multiple tenancy options within its three suites. Currently, 12,856 square feet of space is available, divisible into units ranging from a minimum of 3,556 square feet to a maximum contiguous space of 5,300 square feet. The property boasts a strategic location on Route 140 (South Main Street), just one mile south of Milford's commercial core, ensuring high visibility and accessibility. Existing tenants include prominent businesses such as the Registry of Motor Vehicles, Honey Dew Donuts, AT&T, Homefield Credit Union, and the Garden Restaurant, establishing a strong and diverse tenant mix. Ample parking is provided with 342 spaces, offering a generous 6.8 spaces per 1,000 square feet. Situated in Worcester County, this property offers a unique chance to establish or expand a retail presence in a thriving Massachusetts community. The property's existing tenant base and convenient location make it an attractive option for businesses seeking high foot traffic and easy access for customers. The available space is ideal for a variety of retail or restaurant concepts.

    Property Features for 138 Main St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,205 SF

    Building Details

    Stories
    4

    Unit(s) available at that property

    Space
    Suite 1
    Size
    5,300 SF
    Space
    Suite 3
    Size
    3,556 SF
    Space
    Suite 4
    Size
    4,000 SF

    HighLights

    • 3,556 SF - 10,022 SF of retail space available
    • 50,205 SF shopping center with multiple retail buildings
    • Route 140 (South Main Street) location in Milford, MA
    • One mile south of Milford's commercial center
    • Four single‑story retail buildings
    • Strong workforce: 22,516 employees within a 3‑mile radius
    Property Profile Location Intelligence

    Current Use by Public Records

    Milford Floor Covering Carpet Store Blend Salon and Co. Hair Salon Mark Medeiros Chiropractor Ana Delgado Therapists Joseph & Thomas Opticians Optician

    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
    -71.5163707
    Latitude
    42.1270974

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    FAQs

    What type of property is this?
    Restaurant - Prime Milford, MA retail space available.
    Where is this restaurant located?
    The property is located at 138 Main St Milford, MA.
    What are key features of this property?
    This property features: 3,556 SF - 10,022 SF of retail space available; 50,205 SF shopping center with multiple retail buildings; Route 140 (South Main Street) location in Milford, MA
    Request Owner's contact information
    138 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
    138 Main St Milford, MA 01757
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