Montano Property Portfolio, Boston Post Road, Milford, CT
Montano Property Portfolio
Milford, CT 06460
Residential & Commercial Development Opportunity on Route 1 for Sale at $6,750,000
Angel Commercial, LLC, acting as the exclusive real estate broker, is pleased to offer the Montano Property Portfolio, a residential and commercial development opportunity on 6.1 acres on the Boston Post Road in Milford, CT, for sale at $6,750,000. In a Corridor Design Development District (CDD-1) Zone, this portfolio includes a pad site with an income stream and 8 additional adjacent parcels. The pad site is a 948 SF convenience mart that is leased until 5/31/2035 and will generate $35,365 in income in 2023 with 2% annual increases. The additional parcels include five residential homes, 0.49 acres of vacant land, a 17,150 SF warehouse, a 4,900 SF retail store, a 3,645 SF retail store, a 4,460 SF garage, and a 7,830 SF service shop.
Located at the corner of Boston Post Road (Route 1) and Plains Road at a signalized intersection, the commercial properties in this offering are highly visible and easily accessible, with four curb cuts and 546 linear feet of frontage on Boston Post Road (Route 1). The five homes face a residential neighborhood on Bailey Lane.
The properties in the Montano Property Portfolio are half a mile from I-95 (Exit 36), and one mile from the Milford Parkway Connector to the Merritt Parkway (Route 15). They are 1.2 miles from the Milford Metro-North Train Station and on a Greater Bridgeport Transit Bus Line. The properties are across the street from Dunkin' and near Aldi's Supermarket, Chase Bank, The Milford Bank, Cumberland Farms, Big Y World Class Market, and Hampton Inn Milford.
For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext. 21.
Angel Commercial, LLC
|Real Estate Taxes:||$100,043.90 (2022)|
|Sewer Taxes:||$4,696.80 (2022)|
|Traffic Count:||14,900 Average Daily Volume|
|Demographics||1 Mile||3 Miles|
|Median HH Income:||$94.2||$98.5k|
|# of Parcels:||9|
|Addresses:||282 Boston Post Road
298-3 Boston Post Road
306-322 Boston Post Road
17 Bailey Lane
23 Bailey Lane
37 Bailey Lane
43 Bailey Lane
45 Bailey Lane
41 Plains Road
|Zoning:||Corridor Design Development District (CDD-1)|