40 Armory Lane

Milford, CT 06460 Directions
$1,300,000 Sold on 10/14/2021 Sold on 10/14/2021
  • 9,074Sqft
  • 0.75Acres
  • 1950Built
  • $182Price/Sqft

Property Highlights

  • Days on Market: 331
  • MLS: 170333145
  • Listing Closed

Property Highlights

  • Days on Market: 331
  • MLS: 170333145
  • Listing Closed

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,...

Property Highlights

  • Days on Market: 331
  • MLS: 170333145
  • Listing Closed

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%.

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%.

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  • Additional Information
    • Acres: 0.75
    • Area Type: Downtown
    • Living Area SqFt: 9,074
    • Present Use: Leased by an insurance company
    • Road Frontage Description: Municipal Street, Paved Road
    • Sewer: Public Sewer Connected
    • Tax Amount: $19,700
    • Utilities Available: Electric, Gas, Telephone, Cable
    • Year Built: 1950
  • Interior Features
    • Air Conditioning: Central Air
    • Cooling: Central Air
    • Flooring: Concrete, Tile, Wall-to-Wall Carpet
    • Heat: Gas on Gas
    • Living SqFt Source: Public Records

Listing Courtesy of Coldwell Banker Realty.

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