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296 Main | Corner + Distribution 296 Main St 4,000 SF Retail Building Milford, MA 01757 $1,200,000 ($300/SF)



Investment Highlights
- Two-Parcel Assemblage — Signalized Route 16/Main St corner with ±82’ frontage plus bonus lot.
- CB Zoning (Central Business) — Restaurant/retail by-right with value-add paths (split, expand, or adaptive reuse)
- Turnkey Restaurant (±4,000 SF) — Operate day one; kitchen expansion/second suite/ghost kitchen optionality; FF&E package conveys with sale
- A+ Visibility & Demand Drivers — Between hospital and downtown civic core on a high-traffic corridor.
Executive Summary
Welcome to 296 Main Street a premier commercial asset in the heart of Milford’s Central Business District. Fronting Route 16/Main Street, this ±4,000 SF freestanding building sits on a±0.48-acre corner parcel with ±82 feet of direct frontage, surrounded by medical, municipal, and daily-needs retail. The sale also includes a separate lot across the street, delivering overflow parking today and future development flexibility. Inside the existing footprint, a flexible rear area unlocks immediate value-add: expand BOH for a bakery/commissary, launch a delivery-first ghost kitchen, demise for a second, income-producing retail bay, or simply expand the restaurant’s dining/bar program. All subject to approvals. The building has been continuously updated and maintained, including fresh exterior paint, renovated restrooms, and an upgraded 400-amp electrical service to reduce near-term CapEx. Select kitchen infrastructure and spare catering equipment will convey, accelerating speed-to-open.
Data Room Click Here to Access
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
4,000 SF
Building Class
C
Year Built/Renovated
1960/2000
Price
$1,200,000
Price Per SF
$300
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.48 AC
Zoning
CB, Milford - Central Business (Downtown Core). Pedestrian-oriented district allowing high-intensity commercial. By right: retail & services, restaurants, office
Parking
30 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
82’ on Main
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- JR's Dinner
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| JR's Dinner | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (83)
Nearby Major Retailers
Property Taxes
| Parcel Number | MILF-000048-000000-000197 | Improvements Assessment | $321,100 |
| Land Assessment | $182,000 | Total Assessment | $503,100 |
Property Taxes
Parcel Number
MILF-000048-000000-000197
Land Assessment
$182,000
Improvements Assessment
$321,100
Total Assessment
$503,100
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296 Main | Corner + Distribution | 296 Main St
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