296 Main St - Retail FOR SALE


Milford, MA 01757
$1,300,000 USD
617-371-7276
296 Main St, Milford, MA for Sale
$1,300,000 USD
Retail - FOR SALE
1/23
null | Request Cap Rate

NEW


296 Main St
Milford, MA 01757


HIGHLIGHTS

  • Two-Parcel Assemblage — Signalized Route 16/Main St corner with ±82’ frontage plus bonus lot.
  • Turnkey Restaurant (±4,000 SF) — Operate day one; kitchen expansion/second suite/ghost kitchen optionality; FF&E package conveys with sale
  • CB Zoning (Central Business) — Restaurant/retail by-right with value-add paths (split, expand, or adaptive reuse)
  • A+ Visibility & Demand Drivers — Between hospital and downtown civic core on a high-traffic corridor.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

296 Main | Corner + Distribution

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

CB, Milford

APN/PARCEL ID

MILF-000048-000000-000197

ASK ABOUT THIS PROPERTY

Michael HartwickGibson Sotheby's International RealtyMore Info
617-371-7276

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Michael HartwickGibson Sotheby's International RealtyMore Info
617-371-7276

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.