Impressive parking ratio of over 6.8 spaces per 1,000 SF.
Over 21,000 employees work within a 3 mile radius of the site.
The property consists of four single-story retail buildings totaling 50,025 SF.
Existing tenants in the center include: Homefield Credit Union, Honey Dew Donuts, AT&T, The Garden Restaurant, ConnectEd & Inspired and more.
Traffic Counts between 12,500 - 13,700 ADT - Projected approximately 1% growth per year, due to the increase in commercial activity, zoning changes and its proximity to medical facilities and new major commercial centers.
Neighboring companies and retailers include: Amazon, CVS, Planet Fitness, day care centers, medical offices and facilities (Milford Regional Medical Center and the Dana Farber/Brigham & Women's Cancer Center), banks and more.
Description
Exciting new opportunities available at Milford Square. Spaces available from 3,500± SF to 8,800± SF that can accommodate a variety of uses including: retail, education, recreational, medical, office, flex and more!
Milford Square is prominently situated on Route 140 (South Main Street), and is located 1 mile south of the commercial center of Milford. The property consists of four single-story retail buildings totaling 50,025 SF. The center is also approximately 4 miles from Route 495 (Exit 46 or Exit 48).
Milford, MA is a suburb of Boston, MA located 27 miles SW of Boston, MA. The town is conveniently located inside the Boston Greater Metropolitan Area also known as Metrowest/495 due to its location on Route 495.
The town boasts over 8 million square feet of retail, R&D, industrial and office space. Additional major state vehicular routes 85, 109, 140, and 16 cross the town. With a small-town feel, but close proximity to major cities (Worcester, Boston and Providence), large retail and commercial resources, and a major regional hospital, Milford boasts a great place to live and work.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.