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    1 Boston Post Rd Milford, CT 06460

    Sponsored
    For Sale
    $4,900,000

    2.47 Acres, Mixed-Use Potential

    Property size:
    21,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.47-acre property at 1 Boston Post Road in Milford, Connecticut, presents a remarkable investment opportunity. Zoned CDD3, this land offers significant flexibility for a variety of commercial uses, including retail, restaurants, offices, a commercial garage, gas station, or car wash. The site boasts two existing buildings, each two stories, totaling 21,840 square feet, providing immediate potential for redevelopment or repurposing. The property's prime location offers easy access to I-95 via exits 35 and 36, ensuring high visibility and convenient access for customers and employees. This former car dealership/retail site is being offered for sale at $4,900,000. An additional 2.42 acres of land is available via a long-term lease, presenting an opportunity to expand the development footprint significantly. Located in New Haven County, with a Milford, CT 06460 zip code, this property is situated at 41.213823 latitude and -73.0776046 longitude. The property's versatility and strategic location make it an ideal investment for developers and entrepreneurs seeking a high-impact commercial venture in a thriving Connecticut market. Serious inquiries only.

    Property Features for 1 Boston Post Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    21,840 SF
    Lot Size
    107,593 SF

    Building Details

    Buildings
    2
    Stories
    2

    HighLights

    • 2.47‑acre commercial lot in Milford, CT, zoned CDD3 for diverse uses including retail, restaurants, offices, and automotive uses.
    • Two existing 2‑story buildings totaling 21,840 square feet offer redevelopment potential.
    • High‑visibility location with easy I‑95 access (Exits 35 & 36).
    • Offered at $4,900,000; additional 2.42 acres available via long‑term lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Blink Charging Station Electric Vehicle Charging Station Dan Perkins Subaru ... Auto Parts Store Perkins Group Business ... Business Management Consultant

    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
    -73.0776046
    Latitude
    41.213823

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    FAQs

    What type of property is this?
    Mixed-use property - 2.47 Acres, Mixed-Use Potential
    Where is this mixed-use property located?
    The property is located at 1 Boston Post Rd Milford, CT.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: 2.47-acre commercial lot in Milford, CT, zoned CDD3 for diverse uses including retail, restaurants, offices, and automotive uses.; Two existing 2-story buildings totaling 21,840 square feet offer redevelopment potential.; High-visibility location with easy I-95 access (Exits 35 & 36).
    Request Owner's contact information
    1 Boston Post Rd Milford, CT 06460
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    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
    1 Boston Post Rd Milford, CT 06460
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