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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

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 Retail properties & Spaces
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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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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