154 West St
Milford, MA 01757
Retail Property For Sale

Marcus & Millichap is pleased to exclusively offer for sale the property at 154 West Street in Milford, MA. The tenant mix at 154 West Street is a good blend of regional and local tenants, including Rose’s Hair Salon, a Milford staple that has been at this location since 1984. The other two current tenants, Foy Insurance and Village Mortgage, both of which are strong regional operators with multiple locations, have been at this site for just under and just over a decade, respectively. There is a fourth suite that is currently vacant, offering the opportunity for an existing tenant to expand or for additional upside by re- leasing the space to a new tenant. The property is located on Route 140, a Massachusetts state highway that runs from the southeast part of the state through central Massachusetts, ending near the New Hampshire border. The site sees traffic counts in excess of 15,000 vehicles per day, and is surrounded by a mix of other retail properties, including a Bank of America, UniBank, Shaw’s Supermarket and Walgreens, as well as a number of office buildings, Medical facilities, the Milford District Court, and the Milford Regional Medical Center, a full- service, 145-bed, acute-care facility with over 300 primary care and specialty physicians on the medical staff. Milford is a suburban town in Worcester County, less than 20 miles from Worcester, and 40 miles from downtown Boston, making it a commutable distance from either city. There are more than 64,000 residents within a five- mile radius of the properties, and the area boasts an affluent population, with an average annual household income of greater than $118,000 within five miles of the site.