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499 New Haven Ave

1,244 SF Retail Building Milford, CT 06460 $1,399,859 CAD ($1,125 CAD/SF)

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Executive Summary

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.