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$1,200,000
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Property Description
Discover a rare and versatile investment in the heart of Milford's premier live-work-play coastal community, Walnut Beach. This meticulously maintained property features a newly renovated ground-floor restaurant secured by a stable, long-term lease. Above, you'll find four oversized studio/one-bedroom apartments that offer significant upside potential in a high-demand rental market. Efficiency is built-in with separate gas and electric utilities for every unit, keeping overhead low and management simple. The location is truly unbeatable-just steps from the sandy shores of Walnut Beach, local boutique shops, and a vibrant culinary scene. Tenants will fall in love with the "endless summer" vibe, defined by seasonal festivals, live music, and a thriving arts district. With the Milford Metro-North Station only seven minutes away, this property perfectly captures the balance of vacation-style living and easy commuter access to New Haven and New York City.
Full Property Details
Full Property Details for 54 Naugatuck Ave
General
- Price: $1,200,000
- Taxes: (July 2025-June 2026)
- Status: Active
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24161646
- Updated: 3/26/2026
- Added to Site: 9 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Location
- County: New Haven
- Neighborhood: Walnut Beach
- Driving Directions: Rte 1 to Naugatuck Avenue
Community
- Community Name: Walnut Beach
Heating & Cooling
- Cooling Type: Central Air, Wall Unit
- Heating Type: Hot Air, Electric, Natural Gas
- Heating Fuel: Electric, Natural Gas
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
- Utility Description: Electric, Gas, Telephone, Cable
Structural Information
- Roof: Asphalt Shingle
- Square Feet: 4,720
- Sq. Ft. Source: Public Records
- Living Area: 2,344 Sq. Ft.
- Current Bldg. Use: Mixed use
- Retail: 2,344 Sq. Ft.
- Year Built: 1985
Unit Information
- # Tenants: 5
Unit 1
- Unit Description: Efficiency
- Square Feet: 550
- Total Bathrooms: 1
Unit 2
- Unit Description: Retail
- Square Feet: 2344
- Total Bathrooms: 2
Lot Features
- Lot Size (Acres): 0.1
- Frontage: Municipal Street
- Present Use: Mixed use
- Potential Use: Mixed use
- Zoning: CDD2
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $372,350
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: Brochure
- Property ID: 1199688
Listed by Levey Miller Maretz LLC, Jeremy Rosner
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Schools
Schools serving 54 Naugatuck Ave
School District:Milford School District
| Name | Grades | Distance |
|---|---|---|
Pumpkin Delight School 27 Art Street, Milford, CT 06460 | 3-5 | 0.8 mi |
J. F. Kennedy School 404 West Ave., Milford, CT 06460 | K-2 | 1.6 mi |
West Shore Middle School 70 Kay Avenue, Milford, CT 06460 | 6-8 | 0.7 mi |
Jonathan Law High School 20 Lansdale Avenue, Milford, CT 06460 | 9-12 | 0.8 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 54 Naugatuck Ave
Date
Details
Price
Change
Source
3/23/2026
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 54 Naugatuck Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,003
1%
$372,350
—
2023
$10,850
7%
$372,350
—
2023
$10,117
2%
$372,350
—
2022
$9,923
12%
$372,350
16%
2021
$8,855
—
$320,250
—
2020
$8,865
-4%
$320,250
—
2019
$9,191
3%
$320,250
—
2018
$8,884
—
$320,250
—
2017
$8,900
14%
$320,250
14%
2016
$7,795
—
$280,000
—
2015
$7,806
6%
$280,000
—
2011
$7,358
—
$280,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 54 Naugatuck Ave
54 Naugatuck Avenue, Milford, CT 06460 (MLS# 24161646) is a Commercial property. 54 Naugatuck Avenue is currently listed for $1,200,000 and was received on March 23, 2026. Want to learn more about 54 Naugatuck Avenue? 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.

