54 Naugatuck Avenue, Milford, CT 06460 (MLS # 24161646)

Price $1,200,000
Status Active
Size 4,720 sqft
Lot Size 4,356 sqft
Days on Market 40
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.
Property Type(s): Commercial
Last Updated 3/23/2026 Year Built 1985
County New Haven

Additional Details

AIR Central Air, Wall Unit(s)
AIR CONDITIONING Yes
CONSTRUCTION Frame
HEAT Electric, Forced Air, Natural Gas
LOT 4356 sq ft
LOT DESCRIPTION Level
SEWER Public Sewer
TAXES 11003
WATER Public
ZONING CDD2

Location

 

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Listing courtesy of Levey Miller Maretz LLC
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