Description
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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