Address
40 Armory Lane Milford, CT
Price
$ 1,650,000
Property Attributes
  • MLS#170333145
  • TypeCommercial
  • CountyNEW HAVEN
  • CityMilford
  • Zip06460
  • StyleCommercial For Sale
  • Year Built1950
  • Taxes19722
  • Price$ 1,650,000
  • Bedrooms0
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage9074
  • Lot Size0.75 Acres
Listing Provided Courtesy Of:
Coldwell Banker Realty
Property Description

Location is everything!! This 9,000 sf building is located in beautiful downtown Milford. It sits on 0.75 of an acre. The building is in excellent shape. This building is equipped with 400 amps service and a backup generator. The roof was completely redone 8 years ago. There are 40 regular parking spaces and 2 handicapped parking spaces. This building is currently being leased by an insurance company. The lease is up at the end of June 2021, a non disturbance clause is in effect for this lease. The property is located in a MCDD zone (Milford center design development district). The permitted uses for this zone are: food and beverage service, offices, printing or publishing establishments, off street parking garages, mixed use buildings and single family dwellings. The cap rate on this building is 7%.

Price History
9/2/2020 Listed $1,650,000

General Features

Ceiling Height 9.00
Commercial Catagory Investment
Flooring Concrete, Tile, Wall-to-Wall Carpet
Location Downtown
Neighborhood N/A
Present Use Leased by an insurance company
Property Type Commercial For Sale
Status Active
Tax Year July 2020-June 2021
Utilities Available Electric, Gas, Telephone, Cable
Virtual Tour https://app.immoviewer.com/landing/unbranded/5f503a03c4c530493906e753
Virtual Tour Yn Yes
Year Built 1950
Zoning Comm

Interior Features

Cooling System Central Air
Heat Fuel Type Other
Heat Type Gas on Gas
Interior Features Security System
Restrooms Number Of 2
Sq Ft Industrial 9074
Sq Ft Source Public Records
Sq Ft Total 9074
Total Numof Units 1

Exterior Features

Acres 0.7500
Exterior Features Gutters, Lighting, Sidewalk
Foundation Concrete
Garage Parking Info Paved
Lot Description Dry, Level Lot
Parking Spaces Uncovered 42
Parking Total Spaces 42
Potential Use Single fam/mix use/restaurant
Road Frontage Description Municipal Street, Paved Road
Roof Information Rubber
Sewage System Public Sewer Connected
Water Source Public Water Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 06460

Price
AVG $270K
$1.65M
Taxes
AVG $10,595
$19,722
Visits
AVG 38
39
Year Built
AVG 1949
1950
Walkscore
AVG 59
74
Data Provided by Walkscore ® not using MLS data

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