61 Erna Ave Milford, CT 06461-3118
This exceptional light industrial property, located at 61 Erna Avenue in Milford, Connecticut, presents a fantastic investment opportunity. The property encompasses a substantial 5,040 square foot light industrial/manufacturing facility, perfectly suited for a variety of businesses. The building is currently in Phase 1 completion. A key advantage is the inclusion of two adjoining lots, totaling 0.32 acres, providing significant potential for expansion or additional parking. This strategic land offers considerable flexibility for future growth and development, allowing for customization to meet evolving business needs. The property's location in the thriving town of Milford ensures excellent accessibility and visibility, benefiting from the area's robust commercial activity. The asking price for this turnkey property is $828,000, representing a compelling value proposition for investors seeking a well-situated, expandable industrial space. The combination of existing building space and ample land makes this an ideal acquisition for businesses seeking to establish a strong presence in a dynamic market. Serious inquiries are encouraged to explore this promising investment opportunity further.
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Specialty Tool Company USA, LLC Logistics Company Moving Company
3.16 - CDD-1 Community Design 3.17 - CDD-2 Devon Center - Naugatuck Avenue 3.18 - CDD-3 Bridgeport Avenue 3.19 - CDD-4 New Haven Avenue 3.20 - CDD-5 Regional Business Design 3.21 - MCDD Milford Center Design Development District 3.22 - ICD Interchange Commercial District 3.23 - CBDD Cascade Boulevard Design Development 3.24 - OSAHD-MF Open Space Affordable H…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CDD1 · Milford, CT3.16 - CDD-1 Community Design 3.17 - CDD-2 Devon Center - Naugatuck Avenue 3.18 - CDD-3 Bridgeport Avenue 3.19 - CDD-4 New Haven Avenue 3.20 - CDD-5 Regional Business Design 3.21 - MCDD Milford Center Design Development District 3.22 - ICD Interchange Commercial District 3.23 - CBDD Cascade Boulevard Design Development 3.24 - OSAHD-MF Open Space Affordable Housing Development - Multi-Family
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.