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    OFF-MARKET
    Retail space

    40 Main St, Milford, MA 01757-3256

    1,792 SF 0.1 ac lot Built 1952
    Individually Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US38-0515777
    Property summary
    AI-generated overview

    This exceptional opportunity presents a thriving, established flooring business complete with its prime real estate location at 40 S Main St, Milford, MA 01757. The 1,795 square foot storefront, situated on a 4,500 square foot lot, boasts 10 parking spaces, making it highly accessible for customers. Built in 1952 and renovated in 2017, the single-story building is zoned RA and offers a single unit tenancy. The business itself has a remarkable 50+ year history of providing quality residential and commercial flooring sales and installation services. The asking price of $589,900 includes both the business and the real estate, representing a price per square foot of $328.64. The current owner is retiring and will provide training and a smooth transition to the new buyer. This turnkey operation presents significant growth potential, with the possibility of expanding product lines and leveraging marketing strategies to reach a wider customer base. The property's location within the Route 495 belt provides excellent regional accessibility. The occupancy date is April 30, 2023. This is a rare chance to acquire a well-established, profitable business with significant upside potential in a desirable location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1952
    Construction FRAME
    Total area 1,792 SF
    Lot 0.1 ac (4,495 SF)
    Zoning code RA
    APN MILF M:52 B:000 L:369A
    UPID US38-0515777
    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
    • Car-Leo Floor Covering Carpet & Flooring Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Carl S Deieso · 4 yrs held
    Carl S Deieso
    since 2021
    5 recorded transactions
    2021
    2021
    2016
    2009
    1998
    Zoning & alternative use
    RA · Milford, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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