Mixed-Use Building with Retail and
99-101 E Main St Milford, MA 01757
99-101 E Main St, Milford, MA, 01757
$899,900
For Sale
$899,900
Property features three retail storefronts, including one vacant unit, plus three second-floor one-bedroom apartments.
Property Size6,400 SF
Lot Size0.12 Acres
Price / SF$140.61
Days on Market48
Property Features for 99-101 E Main St
General Information
- Standard status
- Active
- Size
- 6,400 SF
- Lot size
- 0.12 Acres
Building Details
- Year Built
- 1906
Listing agency
HomeSmart Professionals Real Estate
(401) 333-4900
Listed by
Michael Alves · License #REC.0016995
Source
413realestate
Added: Jun 5 Updated: Jul 22 at 8:22AM Checked: Jul 22 at 8:22AM
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 includes three retail storefronts, with one storefront currently vacant for immediate occupancy. The second floor provides three spacious one-bedroom apartments, and there is also long-term tenancy across two units.
The building additionally features a heated warehouse area with high ceilings and garage door access, along with extra office space. Positioned downtown on busy Route 16 in Milford, the property offers strong visibility and easy access to Interstate 495.
Overall, the layout combines street-level retail income with residential units on the upper level and flexible back-of-house warehouse and office space.
The building additionally features a heated warehouse area with high ceilings and garage door access, along with extra office space. Positioned downtown on busy Route 16 in Milford, the property offers strong visibility and easy access to Interstate 495.
Overall, the layout combines street-level retail income with residential units on the upper level and flexible back-of-house warehouse and office space.
Key Highlights
- 6,400 SF mixed‑use building with 3 retail storefronts plus three second‑floor 1‑bedroom apartments
- Route 16 frontage with 3 retail units, including 1 vacant storefront for immediate occupancy
- Long‑term tenant occupying 2 retail units
Local Financial Insights For Apartment 5plus
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 | $140.5k | $21.96 |
| − Vacancy | −$3.7k | −$0.57 |
| EGI | $136.9k | $21.39 |
| − OpEx | −$61.6k | −$9.63 |
| NOI | $75.3k | $11.76 |
6,400 SF · lease $21.96/SF/yr · vacancy 2.60% · expense 45.00%
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.58M
NOI $94,639 @ 7.0% cap · market cap 10.52%
Second Best
Multifamily LT 5
$1.24M
$1.08M – $1.44M
NOI $86,513 @ 7.0% cap · market cap 9.61%
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $152,986 @ 7.0% cap · market cap 17.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Mixed-use property - Property features three retail storefronts, including one vacant unit, plus three second-floor one-bedroom apartments.
Where is this mixed-use property located?
The property is located at 99-101 E Main St Milford, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 6,400 SF mixed‑use building with 3 retail storefronts plus three second‑floor 1‑bedroom apartments; Route 16 frontage with 3 retail units, including 1 vacant storefront for immediate occupancy; Long‑term tenant occupying 2 retail units
