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$799,000
Est. payment /mo
1 Bath
930 SqFt
UPDATED:
01/22/2025 06:21 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 930 sqft
Price per Sqft $859
MLS Listing ID 24064797
Full Baths 1
Year Built 1960
Annual Tax Amount $5,794
Lot Size 0.560 Acres
Property Description
Prime Waterfront Development Potential in Milford! Located at 499 New Haven Avenue, this property presents an unparalleled opportunity for developers and investors to create a standout residential or mixed-use project in one of Milford's most desirable areas. Boasting high visibility with thousands of cars passing daily, this waterfront site has a unique blend of natural appeal and strategic positioning. Zoned for flexible development, it's ideally suited to accommodate at least 8 townhouses-or potentially more-with the possibility for a larger residential building, subject to approvals. Imagine capitalizing on scenic water views and easy access to highways, shopping, and downtown Milford to create high-demand housing or rental units in a thriving location. The existing structure is empty and can be rented out as-is, generating income while development plans are finalized. This is a rare chance to transform a premier waterfront site into a landmark community that caters to Milford's growing residential needs. Prospective buyers should confirm zoning and development possibilities with local authorities.
Location
State CT
County New Haven
Zoning CDD4
Interior
Heating Hot Air
Cooling Ceiling Fans
Exterior
Utilities Available Electric
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Sewer Public Sewer Connected
Water Public Water Connected
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Listed by Jake Forchetti • Houlihan Lawrence WD
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