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Milford Square Shopping Ctr 138-140 S Main St 50,326 SF 74% Leased Retail Building Milford, MA 01757 For Sale

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EXECUTIVE SUMMARY

Atlantic Capital Partners has been exclusively retained to market Milford Square, a multi-tenant neighborhood shopping center strategically located in Milford, Massachusetts—just 38 miles west of Downtown Boston, 18 miles east of Worcester, and 24 miles north of Providence, Rhode Island. Positioned along Interstate 495, one of the state’s most heavily traveled highways, Milford Square benefits from exceptional regional connectivity, drawing customers from a broad trade area that spans three major metropolitan markets. As the premier retail destination serving the affluent communities between Boston and Worcester, the center features a strong mix of service-oriented and necessity-based tenants, many with long-term leases in place, making it a highly attractive investment opportunity. Milford is a dynamic and growing town in Worcester County with a 2025 population of approximately 28,200—an 8.15% increase since 2020. It is surrounded by thriving communities like Hopkinton, Medway, and Bellingham. The local economy is supported by a diverse mix of industries including construction, healthcare, retail, and professional services. Its strategic location along I-495 offers businesses and residents convenient access to Boston, Worcester, and Providence, while maintaining affordability and a high quality of life. With ongoing infrastructure investment and a proactive economic development strategy, Milford continues to attract both commercial and residential growth, reinforcing its position as a key regional hub.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
50,326 SF
Building Class
B
Year Built
1988
Percent Leased
74%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
7.84 AC
Zoning
CC - Highway commercial
Parking
342 Spaces (6.8 Spaces per 1,000 SF Leased)
Frontage
270’ on South Main Street

AMENITIES

  • 24 Hour Access
  • Banking
  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Restaurant
  • Signage
  • Tenant Controlled HVAC
  • Drive Thru
  • Wheelchair Accessible
  • Accent Lighting
  • Recessed Lighting
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Information
  • -
  • -
  • -
  • -

The world is rapidly being transformed by the widespread and growing availability of connectivity. AT&T is leading the charge with their nationwide fast, reliable and secure 5G coupled with their growing, multi-gig fiber home internet service. As much as they depend on broadband connectivity today, they think this is only the beginning. They're strengthening their network to enable everything from smarter homes and cities to high-quality remote healthcare, augmented and virtual reality and sophisticated new workplace collaboration tools. Providing those connections is in AT&T’s DNA. Ever since Alexander Graham Bell’s telephone more than many years ago, they've been a leader in connecting people and businesses. They believe they have the resources, focus, expertise and people to be the best connectivity provider through 5G and fiber.

  • ConnectEd & Inspired
  • -
  • -
  • -
  • -
  • -

-

  • Homefield Credit Union
  • -
  • -
  • -
  • -
  • -

-

  • Manufacturing
  • -
  • -
  • -
  • -

Honey Dew Donuts is proud to be New England’s largest locally owned donut and coffee shop chain. They are focused on providing nothing less than the best quality, service, and cleanliness in each and every shop, every single day. Honey Dew is also committed to giving back to the communities that have helped us succeed. Their shops do so by supporting school fundraisers, getting involved with non-profit organizations and sponsoring local sports teams.

  • Retailer
  • -
  • -
  • -
  • -
  • Milford Regional Education Center
  • -
  • -
  • -
  • -
  • -
  • Information
  • -
  • $10.00
  • Triple Net
  • Aug 2017

Milford Community Media Center, Inc. (doing business as Milford TV) is a non-profit, 501(c)(3), membership-based corporation established to manage facilities for community access programming on the Public, Educational, and Governmental (PEG) Access channels on the Milford cable television systems and related websites. Milford TV offers a public forum for electronic free expression, providing its services on a first-come, first-served, non-discriminatory basis. Those services include training in television and web-based programming, and administering the programming of 2 cable subscriber-based channels.

  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

Here at New Horizons Family Dental, we believe that a smile tells a thousand words, and we are dedicated to giving our patients high-quality dental care. We offer a full range of dental services, so all of your family’s needs are met under one roof. Our goal is for you to leave our office with a memorable and enjoyable dental experience, which is why our welcoming and compassionate staff will do everything they can to make you feel right at home.

  • Public Administration
  • -
  • -
  • -
  • -

The Commonwealth of Massachusetts is the state government responsible for administering public services, enforcing laws, and managing programs for residents of Massachusetts. Established in 1788, it operates under the Massachusetts Constitution with three branches: Executive, Legislative, and Judicial. The Executive Branch is led by the Governor and includes multiple secretariats overseeing areas such as health, education, transportation, and public safety. The Legislative Branch, known as the General Court, consists of a bicameral body—the Senate and House of Representatives—while the Judicial Branch is headed by the Supreme Judicial Court. The Commonwealth provides services including taxation, infrastructure, education, and social programs, and maintains regulatory oversight across sectors.

  • Accommodation and Food Services
  • -
  • $8.50
  • Triple Net
  • -

Nice comfortable place with as much homemade food as possible soups,chowders,1/2 lb burgers, 1/2 lb steak and cheese subs,our own roasted turkey and the list goes on and on. Daily Specials-Breakfast always available, all food available to Take-Out. We have gift certificate's available. We are cash only, but have an ATM available.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Information - - - -
ConnectEd & Inspired - - - - -
Homefield Credit Union - - - - -
Manufacturing - - - -
Retailer - - - -
Milford Regional Education Center - - - - -
Information - $10.00 Triple Net Aug 2017
Health Care and Social Assistance - - - -
Public Administration - - - -
Accommodation and Food Services - $8.50 Triple Net -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1A
  • 3,556 SF
  • Retail
  • End Cap
  • Now

End cap unit. Includes open area as well as perimeter offices. This space can be combined with Suite 1B for a combined total of 8,800± square feet.

  • 1B
  • 5,300 SF
  • Retail
  • In-Line
  • Now

This space can be combined with Suite 1A for a combined total of 8,800± square feet.

  • 4A
  • 2,400-4,100 SF
  • Retail
  • In-Line
  • Now

Prominent in-line center location within the center. This location within the center provides prime visibility for tenants.

  • 4B
  • 1,700-4,100 SF
  • Retail
  • In-Line
  • Now

Prominent in-line center location within the center. This location within the center provides prime visibility for tenants.

Space Size Space Use Position Available
1A 3,556 SF Retail End Cap Now
1B 5,300 SF Retail In-Line Now
4A 2,400-4,100 SF Retail In-Line Now
4B 1,700-4,100 SF Retail In-Line Now

1A

Size
3,556 SF
Space Use
Retail
Position
End Cap
Available
Now

1B

Size
5,300 SF
Space Use
Retail
Position
In-Line
Available
Now

4A

Size
2,400-4,100 SF
Space Use
Retail
Position
In-Line
Available
Now

4B

Size
1,700-4,100 SF
Space Use
Retail
Position
In-Line
Available
Now

1A

Size 3,556 SF
Space Use Retail
Position End Cap
Available Now

End cap unit. Includes open area as well as perimeter offices. This space can be combined with Suite 1B for a combined total of 8,800± square feet.

1B

Size 5,300 SF
Space Use Retail
Position In-Line
Available Now

This space can be combined with Suite 1A for a combined total of 8,800± square feet.

4A

Size 2,400-4,100 SF
Space Use Retail
Position In-Line
Available Now

Prominent in-line center location within the center. This location within the center provides prime visibility for tenants.

4B

Size 1,700-4,100 SF
Space Use Retail
Position In-Line
Available Now

Prominent in-line center location within the center. This location within the center provides prime visibility for tenants.

NEARBY MAJOR RETAILERS

Planet Fitness
Rockland Trust Company
Ruby Tuesday
Bank of America
Shaw's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
MILF-000059-000000-000027A
Land Assessment
$281,900
Improvements Assessment
$514,300
Total Assessment
$796,200
  • Listing ID: 38357460

  • Date on Market: 11/6/2025

  • Last Updated:

  • Address: 138-140 S Main St, Milford, MA 01757

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