Mixed-Use Building with Retail
99-101 E Main Street Milford, MA 01757
99-101 E Main Street, Milford, MA, 01757
$975,000
For Sale
$975,000
Well-maintained mixed-use building includes retail storefronts, apartments, and a heated warehouse with garage door access.
Property Size6,400 SF
Lot Size0.12 Acres
Price / SF$152.34
Days on Market100
Property Features for 99-101 E Main Street
General Information
- Standard status
- Active
- Size
- 6,400 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1906
Listing Agency
HomeSmart Professionals Real Estate
Listed by
Michael Alves
(617) 731-4644
Source
Hammondre
Added: Apr 13 Updated: Jul 20 at 6:32 pm Checked: Jul 20 at 6:32 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart Professionals Real Estate
Investment Insights
Based on property information with market context.
This well-maintained mixed-use property offers retail, residential, and industrial flexibility in one building. The total building area is 6,400 SF, with 5,401 SF on a corner lot and three retail storefronts, including one unit available for immediate occupancy. The second floor features three spacious 1-bedroom apartments. A heated warehouse with high ceilings includes garage door access, along with additional office space.
The property is located on busy Route 16 in Milford and offers convenient access to Interstate 495. The layout is designed to support multiple income streams with both street-level and upper-level tenants.
Retail space is configured as three storefront units, two of which are currently occupied by long-term tenants. The warehouse portion is suited for operations that benefit from interior heat and direct garage door access, while the added office space supports day-to-day administrative needs.
The property is located on busy Route 16 in Milford and offers convenient access to Interstate 495. The layout is designed to support multiple income streams with both street-level and upper-level tenants.
Retail space is configured as three storefront units, two of which are currently occupied by long-term tenants. The warehouse portion is suited for operations that benefit from interior heat and direct garage door access, while the added office space supports day-to-day administrative needs.
Key Highlights
- 6,400 SF mixed‑use building with 3 retail storefronts, 3 second‑floor 1‑bedroom apartments, and additional office space
- 5,401 Sq Ft corner lot with 1 vacant retail storefront for immediate occupancy
- Long‑term tenant occupies 2 units; remaining second‑floor units are 1‑bedroom apartments
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.7k | $19.80 |
| − Vacancy | −$3.1k | −$0.49 |
| EGI | $123.6k | $19.31 |
| − OpEx | −$37.1k | −$5.79 |
| NOI | $86.5k | $13.52 |
6,400 SF · lease $19.80/SF/yr · vacancy 2.47% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.58M
NOI $94,639 @ 7.0% cap · market cap 9.71%
Second Best
Multifamily LT 5
$1.24M
$1.08M – $1.44M
NOI $86,513 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $152,986 @ 7.0% cap · market cap 15.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Well-maintained mixed-use building includes retail storefronts, apartments, and a heated warehouse with garage door access.
Where is this mixed-use property located?
The property is located at 99-101 E Main Street Milford, MA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 6,400 SF mixed‑use building with 3 retail storefronts, 3 second‑floor 1‑bedroom apartments, and additional office space; 5,401 Sq Ft corner lot with 1 vacant retail storefront for immediate occupancy; Long‑term tenant occupies 2 units; remaining second‑floor units are 1‑bedroom apartments
