9 River St - Storefront Retail/Residential FOR SALE


Milford, CT 06460- Downtown Milford
$149,000 USD
203-522-2635
9 River St, Milford, CT for Sale
$149,000 USD
Storefront Retail/Residential - FOR SALE
1/19
null | Request Cap Rate

9 River St
Milford, CT 06460
Downtown Milford


HIGHLIGHTS

  • Heavy daytime and nighttime foot traffic
  • Easily accessible by all major highways and walking distance to Metro North
  • Surrounded by boutique shops and restaurants
  • Center to an influx of new apartments already built and being delivered soon
  • Ample parking all around

OVERVIEW

Opportunity to own a thriving restaurant situated in the heart of Downtown. The seller has recently expanded into another market and is refocusing their efforts so their loss is your gain. This restaurant has received significant recognition locally and from Italy, even being mentioned in Forbes. Operating with low 7 figure sales and a healthy profit margin of 15%+ with major upside. Currently only open for dinner 6 days a week and has been an absentee owner for the last year. Unlike most successful restaurants, this space is not equipped with a hood but a state of the art electric convection oven! Ample prep and storage area + an open dining floor plan with a full bar, is set up as a move-in establishment for a new operator to continue being a staple in the Downtown Milford dining community. Priced for a quick sale for the business asset ONLY, no real estate is for sale here. Landlord will issue a new lease at market value estimated at $25 per square foot + NNN. Please do NOT approach any customers or visit the business to tour, without an appointment. This is an active restaurant so please request site visits or ask questions directly to Chris at 203.522.2635.

FOR SALE DETAILS

PRICE

$149,000 USD

PRICE/SF

$23 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

MCDD

APN/PARCEL ID

MILF-000054-000397-000008

ASK ABOUT THIS PROPERTY

Christopher LaraBerkshire Hathaway HomeServicesMore Info
203-522-2635

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Christopher LaraBerkshire Hathaway HomeServicesMore Info
203-522-2635

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