40 Armory Lane, Milford, CT 06460 - Photo 1

1/1

$1,300,000

Sold
Closed
Commercial

1/1

Property 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%.

Full Property Details

Full Property Details for 40 Armory Ln

General

Sold For: $1,300,000
Taxes: $19,700 (July 2021-June 2022)
Status: Closed
Type: Commercial
Source: SMARTMLS
MLS ID: 170333145
Added to Site: 2, 088 day(s) ago

Business

Business Type: Investment

Interior

Interior Features: Security System
Flooring: Concrete, Tile, Wall-To-Wall Carpet

Rooms

Bathrooms

Restrooms: 2

Exterior

Exterior Features: Gutters, Lighting, Sidewalk

Parking

Uncovered Spaces: 42
Total Spaces: 42
Parking: Paved
Garage Description: Paved

Location

County: New Haven
Driving Directions: Use GPS. Broad Street, take a right at Key Bank.
Location Details: Downtown

Heating & Cooling

Cooling Type: Central Air
Heating Type: Gas on Gas, Other
Heating Fuel: Other

Utilities

Sewer: Public Sewer Connected
Water: Public Water Connected
Utility Description: Electric, Gas, Telephone, Cable
Onsite: Electric, Gas, Telephone, Cable

Structural Information

Exterior Const.: Concrete
Roof: Rubber
Ceiling Height: 9
Amps: 400
Stories/Levels: 1
Stories in Building: 1
Square Feet: 9,074
Sq. Ft. Source: Public Records
Current Bldg. Use: Leased by an insurance company
Industrial: 9,074 Sq. Ft.
Year Built: 1950

Unit Information

# Tenants: 1

Lot Features

Lot Size (Acres): 0.75
Frontage: Municipal Street, Paved Road
Street/Road Desc.: Municipal Street, Paved Road
Present Use: Leased by an insurance company
Potential Use: Single fam/mix use/restaurant
Zoning: Comm
Lot Description: Dry, Level Lot

Financial Considerations

Assessment Amount: $712,490
Tax Amount: $19,700
Tax Year: July 2021-June 2022

Disclosures and Reports

Documents Avail.: Environmental Site Assess., Soil Survey
Property ID: 1207980

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Meet the listing and selling agent

— 40 Armory Ln —

Carl DeCarli

Email Me

(203) 878-7424 x217 direct
(203) 500-0101 mobile

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Schools

Schools serving 40 Armory Ln

School District:Milford School District

Name	Grades	Distance
Meadowside School 80 Seeman's Ln., Milford, CT 06460	3-5	1.1 mi
Harborside Middle School 175 High Street, Milford, CT 06460	6-8	0.3 mi
Joseph A. Foran High School 80 Foran Road, Milford, CT 06460	9-12	2.3 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 40 Armory Ln

Date

Details

Price

Change

Source

10/14/2021

Sold

$1,300,000

-21.21%

MLS

9/02/2020

Listed

$1,650,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Updated 1 day ago

1
Bed
2
Total Baths
1,050
Sq. Ft.

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Just Listed

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Single Family
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Updated 6 hours ago

3
Beds
2
Total Baths
2,094
Sq. Ft.

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Beds
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Total Baths
3,734
Sq. Ft.

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Price Reduced

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Active
Updated 2 days ago

3
Beds
3
Total Baths
2,630
Sq. Ft.

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Condo
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Updated 4 days ago

1
Bed
1
Total Bath
1,088
Sq. Ft.

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Single Family
Active
Updated 1 day ago

5
Beds
2
Total Baths
1,635
Sq. Ft.

Listed by Antoine Real Estate Services

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Sold

$1,175,000

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Single Family
Closed

4
Beds
5
Total Baths
5,153
Sq. Ft.

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Sold by Home Sweet LLC

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Sold

$1,300,000

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Single Family
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4
Beds
3
Total Baths
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Sq. Ft.

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$1,388,000

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Single Family
Closed
Updated 1 day ago

6
Beds
4
Total Baths
4,642
Sq. Ft.

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Sold

$1,361,000

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Single Family
Closed

4
Beds
4
Total Baths
3,994
Sq. Ft.

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40 Armory Lane, Milford, CT 06460 (MLS# 170333145) is a Commercial property that was sold at $1,300,000 on October 14, 2021. This property was listed by Carl DeCarli from our Milford Office.Want to learn more about 40 Armory Lane? Do you have questions about finding other Commercial real estate for sale in Milford? You can browse all Milford real estate or contact a Coldwell Banker agent to request more information.

40 Armory Ln Milford, CT 06460