302 Merwin AveMilford, CT 06460

Property Details for 302 Merwin Ave

Year built

1953

Construction

FRAME

Lot size

0.33 AC

Property size (Sq ft)

1,296 SF

Zone code

R12.

Property type

Other commercial real estate

Property subtype

Showrooms

APN

MILF M:70 B:749 L:5

APU

MILFM70B749L5

Description

This 1,296 square foot commercial building, situated on a 0.33-acre lot at 302 Merwin Avenue in Milford, CT, presents a fantastic opportunity for a variety of businesses. Currently operating as a dental practice, this property boasts a prime location with high visibility and significant traffic flow due to its proximity to New Haven Avenue and an established strip mall directly across the street. The building's interior is well-suited for medical offices, dental practices, or walk-in clinics. The main level features a spacious waiting room, a reception area, three rooms equipped for dental procedures (equipment negotiable), a bathroom, and a back office. The asking price of $489,900 includes the property and structure

• CAP approach

  CAP return

  Valuation

  6%

  $314,973

  6.5%

  $290,745

  7%

  $269,977

• Comparable approach

  Method

  Valuation

  Relative Method

  $426,725

  Geo Method

  $426,725

• Alternative Use

  Use

  Valuation

  Residential

  $245,254

  Hospitality

  $224,651

  Educational

  $186,907

  Medical

  $193,335

  Retail

  $290,745

Location Insight

City

Milford

County

New Haven

State

Connecticut

Latitude

41.2288

Longitude

-72.9975

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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