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    OFF-MARKET
    Commercial real estate

    138 Main St, Milford, MA 01757

    50,205 SF
    Property ID
    US38-2404122
    Property summary
    AI-generated overview

    Milford Square, located at 138 South Main Street in Milford, Massachusetts (zip code 01757), presents a compelling retail investment opportunity. This four-story commercial property, totaling 50,205 square feet, offers multiple tenancy options within its three suites. Currently, 12,856 square feet of space is available, divisible into units ranging from a minimum of 3,556 square feet to a maximum contiguous space of 5,300 square feet. The property boasts a strategic location on Route 140 (South Main Street), just one mile south of Milford's commercial core, ensuring high visibility and accessibility. Existing tenants include prominent businesses such as the Registry of Motor Vehicles, Honey Dew Donuts, AT&T, Homefield Credit Union, and the Garden Restaurant, establishing a strong and diverse tenant mix. Ample parking is provided with 342 spaces, offering a generous 6.8 spaces per 1,000 square feet. Situated in Worcester County, this property offers a unique chance to establish or expand a retail presence in a thriving Massachusetts community. The property's existing tenant base and convenient location make it an attractive option for businesses seeking high foot traffic and easy access for customers. The available space is ideal for a variety of retail or restaurant concepts.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 50,205 SF
    UPID US38-2404122
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Milford Floor Covering Carpet & Flooring Store
    • Blend Salon and Co. Hair Salon
    • Mark Medeiros Alternative Medicine Practice
    • Ana Delgado Spa & Massage Center Alternative Medicine Practice
    • Joseph & Thomas Opticians Ophthalmologist (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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