5
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$1,200,000
Est. payment /mo
3 Baths
4,720 SqFt
Active
54 Naugatuck Avenue Milford, CT 06460
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,720 sqft
Price per Sqft $254
MLS Listing ID 24161646
Full Baths 3
Year Built 1985
Annual Tax Amount $11,003
Lot Size 4,356 Sqft
Property Description
Discover a rare and versatile investment in the heart of Milford's premier live-work-play coastal community, Walnut Beach. This meticulously maintained property features a newly renovated ground-floor restaurant secured by a stable, long-term lease. Above, you'll find four oversized studio/one-bedroom apartments that offer significant upside potential in a high-demand rental market. Efficiency is built-in with separate gas and electric utilities for every unit, keeping overhead low and management simple. The location is truly unbeatable-just steps from the sandy shores of Walnut Beach, local boutique shops, and a vibrant culinary scene. Tenants will fall in love with the "endless summer" vibe, defined by seasonal festivals, live music, and a thriving arts district. With the Milford Metro-North Station only seven minutes away, this property perfectly captures the balance of vacation-style living and easy commuter access to New Haven and New York City.
Location
State CT
County New Haven
Zoning CDD2
Interior
Heating Hot Air
Cooling Central Air, Wall Unit
Exterior
Utilities Available Electric, Gas, Telephone, Cable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Block
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Jeremy Rosner • Levey Miller Maretz LLC
NEARBY SCHOOL & BUSINESS
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