Financial
Distress signals
Property profile

290 Old Gate Ln Milford, CT 06460

FOR SALE
Showrooms
Property ID
US15-0967675
6,775 SF 1.63 ac lot Built 1985
Last sale Jul 1998 · $1,565,000
Individually Owned Owner of record is an individual. 28-yr Hold Held for 28 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional restaurant opportunity in Milford, Connecticut, presents a unique chance for owner-operators. Located at 290 Old Gate Lane, this 6,771 square foot property boasts a prime location with abundant parking on a 1.6-acre lot. The building features a state-of-the-art three-hood system and two walk-in refrigerators, ensuring efficient and effective kitchen operations. The high visibility location benefits from a significant daily traffic volume of 12,000 vehicles. The property is

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$30k
Tax billed · 2023
Assessed value$1.10M
Assessed land$478k
Assessed improvement$619k
Effective rate2.72%

Value estimate

· Sep 2026
$955k
$860k – $1.05M
Submarket $/SF estimate$913k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$162/SF
ZIP average, outlier-cleaned · 74 recorded sales of this use type
Observed band · Q1–Q3$122 – $241
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
ICD
3.22 - ICD Interchange Commercial District 3.23 - CBDD Cascade Boulevard Design Development 3.24 - OSAHD-MF Open Space Affordable Housing...
General categoryCOMMERCIAL
JurisdictionMILFORD

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.3
Law Firm19.6
Accounting Firm10.1

Location

290 Old Gate Ln Milford, CT 06460
County assessor Recorded deeds · 1 transfer 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
40 Armory, Milford, CT 06460 $2,000,000 Feb 2026 8,912 SF
804 Bridgeport, Milford, CT 06460-3107 $6,305,000 Nov 2025 5,130 SF
461 Bridgeport, Milford, CT 06460-4105 $1,275,000 Jun 2025 7,040 SF
21 Daniel, Milford, CT 06460-3479 $2,000,000 Jan 2025 7,540 SF
295 Boston Post, Milford, CT 06460-2528 $1,250,000 Apr 2024 5,147 SF
147 Broad, Milford, CT 06460-4726 $725,000 Jan 2024 5,134 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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