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Property profile & analytics
FOR SALE
Retail space

40 S Main St Milford, MA 01757

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
Price N/A
2021
Price N/A
2016
Price N/A
2009
Price N/A
1998
Price N/A
Zoning & alternative use
RA · Milford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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