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    Property profile & analytics
    OFF-MARKET Estimated value $770,000
    Industrial properties

    196 Main St, Milford, MA 01757-2822

    25.38 ac lot
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US38-0924641
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Industrial properties
    Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
    Lot 25.38 ac (1,105,553 SF)
    Zoning code IB
    APN MILF M:32 B:098 L:17C
    UPID US38-0924641
    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
    • Spotless Cleaners (Bike/Boat/Book/etc) Store
    • New England Skylights LLC Roofing Company General Contractor
    • Edible Arrangements Take-out & Catering Catering Service
    • Mandarin Milford Restaurant
    • Chim Thai Cafe Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $770k
    Owner & transaction history
    Milton Real Prop Of Ma · 2 yrs held
    Milton Real Prop Of Ma
    since 2023
    Last sale
    $800,000
    4 recorded transactions
    2023
    $800,000
    2021
    $16.4M
    2020
    2011
    Zoning & alternative use
    IB · Milford, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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