196 East Main St Milford, MA 01757
- Industrial properties
- 25.38 lot acres
Current Use by Public Records
- Spotless Cleaners / Dry Cleaner
- New England Skylights LLC / Roofing Contractor / Architect
- Edible Arrangements / Caterer / Gift Shop
- Mandarin Milford / Chinese Restaurant / Asian Restaurant
- Chim Thai Cafe / Asian Restaurant / Restaurant
Property Details for 196 East Main St
- Lot size
- 25.38 lot acres
- Zone code
- IB
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- MILF M:32 B:098 L:17C
- APU
- MILFM32B098L17C
Description
This exceptional 4-acre commercial land parcel in Milford, Massachusetts, presents a unique investment opportunity. Located at 196 E Main St, zip code 01757, the property boasts 154 parking spaces and is ideally situated behind the Quarry Square Retail Center. Its strategic location offers excellent visibility and accessibility, with proximity to an advanced manufacturing/industrial building and a retail center. The surrounding area is characterized by a variety of warehouse and industrial uses, creating a synergistic environment for potential development. The site's zoning allows for a range of commercial uses, making it suitable for various business ventures. A contractor's yard or storage facility would be a perfect fit, but the property's versatility allows for exploration of other industrial and commercial opportunities. The single-tenant land parcel offers significant potential for growth and return on investment. The property is in Worcester County and is ready for development. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving Massachusetts location. The ample parking provides significant added value for any future development. The site's location offers easy access to major transportation routes, further enhancing its appeal to potential businesses. This property is ready for immediate development and offers a compelling opportunity for investors seeking a high-return investment in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $705,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $755,000
- 6.5%
- $770,000
- 7%
- $800,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $695,000
- Geo Method
- $820,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $665,000
- Retail
- $725,000
- Mixed-Use
- $680,000
- Hospitality
- $850,000
- Educational
- $680,000
- Residential Income
- $715,000
- Energy
- $775,000
- Income-Based Land
- $875,000
- Food Service
- $770,000
Location Insight
- Map
- Local Demand
- City
- Milford
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.5005
- Latitude
- 42.1531
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
