Log In/Sign Up
Your email has been sent.
54 Naugatuck Ave 4,720 SF 100% Leased Retail Building Milford, CT 06460 $1,667,040 CAD ($353.19 CAD/SF) 3.93% Cap Rate
Executive Summary
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.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$111,379
|
$23.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$111,379
|
$23.60
|
| Taxes |
$16,813
|
$3.56
|
| Operating Expenses |
$29,088
|
$6.16
|
| Total Expenses |
$45,902
|
$9.72
|
| Net Operating Income |
$65,477
|
$13.87
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $111,379 |
| Annual Per SF | $23.60 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $111,379 |
| Annual Per SF | $23.60 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,813 |
| Annual Per SF | $3.56 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $29,088 |
| Annual Per SF | $6.16 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $45,902 |
| Annual Per SF | $9.72 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $65,477 |
| Annual Per SF | $13.87 |
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,720 SF
Building Class
C
Year Built
1985
Price
$1,667,040 CAD
Price Per SF
$353.19 CAD
Cap Rate
3.93%
NOI
$65,477 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.08
Lot Size
0.10 AC
Zoning
CDD2
Frontage
36’ on Naugatuck Avenue
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Nautilus Restaurant
- Accommodation and Food Services
- 2,344 SF
- $16.89 CAD
- Modified Gross
- May 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Nautilus Restaurant | Accommodation and Food Services | 2,344 SF | $16.89 CAD | Modified Gross | May 2027 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | MILF-000016-000148-000009 | Total Assessment | $511,043 CAD |
| Land Assessment | $210,758 CAD | Annual Taxes | $16,813 CAD ($3.56 CAD/SF) |
| Improvements Assessment | $300,285 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
MILF-000016-000148-000009
Land Assessment
$210,758 CAD
Improvements Assessment
$300,285 CAD
Total Assessment
$511,043 CAD
Annual Taxes
$16,813 CAD ($3.56 CAD/SF)
Tax Year
2025
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
54 Naugatuck Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.