1 Boston Post RdMilford, CT 06460

Property Details for 1 Boston Post Rd

Year built

1990

Construction

STEEL FRAME

Lot size

1.92 AC

Property size (Sq ft)

8,654 SF

Zone code

CDD3

Property type

Other commercial real estate

Property subtype

Showrooms

APN

MILF M:34 B:335-A L:2A-3

APU

MILFM34B335AL2A3

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,103,224

  6.5%

  $1,941,438

  7%

  $1,802,764

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,849,444

  Geo Method

  $2,849,444

• Alternative Use

  Use

  Valuation

  Residential

  $1,637,675

  Hospitality

  $1,500,102

  Educational

  $1,248,067

  Medical

  $1,290,990

  Retail

  $1,941,438

Location Insight

City

Milford

County

New Haven

State

Connecticut

Latitude

41.214

Longitude

-73.0777

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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