1534 New Haven Avenue, Milford, CT for sale

Investment Overview

NEW PRICE – $475,000 | Woodmont Automotive / Investment Opportunity | Sold As-Is 1534 New Haven Avenue, Milford, CT PRICE IMPROVEMENT — NOW OFFERED AT $475,000. Rare opportunity to acquire an established commercial automotive property in the highly desirable Woodmont shoreline section of Milford. Positioned on a prominent corner lot along New Haven Avenue, the property offers excellent visibility, convenient access and an established commercial presence within one of Milford's most desirable coastal neighborhoods. T he approximately 1,260 SF building is currently operating as an auto repair facility and is being offered with the existing automotive lifts included in the sale, creating an attractive opportunity for an owner-operator looking to acquire a functional automotive location without starting from the ground up. The property benefits from a long-established grandfathered commercial use and is currently approved for general auto repair with limited vehicle sales, offering a use that can be difficult to replicate in a residentially dominated shoreline location. For investors, the property is currently occupied and generating $3,000 per month in rental income, providing immediate income while preserving future owner-user flexibility. Environmental Information: The property will be conveyed AS-IS. A Phase I Environmental Site Assessment has been completed, and the seller has also obtained an environmental proposal outlining potential investigation/remediation work associated with a prior groundwater-related matter. The Phase I and environmental proposal will be made available to qualified prospective buyers for review as part of their due diligence. Connecticut Release-Based Cleanup Program Effective March 1, 2026, Connecticut's former Property Transfer Act was replaced by the state's new Release-Based Cleanup Program. Prospective purchasers are encouraged to consult with their environmental professionals and legal counsel regarding the applicability of the current Connecticut DEEP requirements to the property and any identified environmental conditions. Buyer shall be responsible for conducting its own environmental, zoning, financing and property investigations and determining the suitability of the property for the buyer's intended use.

Investment Highlights

• • New reduced asking price: $475,000
• • Established automotive/service location
• • Automotive lifts included
• • Grandfathered commercial use
• • General auto repair + limited vehicle sales approval
• • Prominent corner location
• • Strong New Haven Avenue visibility
• • Minutes from the Woodmont shoreline
• • Currently producing $3,000/month
• • Opportunity for investor or owner-user
• • Phase I already completed
• • Environmental proposal already obtained
• • Sold AS-IS
• • Limited competing automotive real estate in this coastal location
• Ideal for an automotive operator, mechanic, specialty automotive business, investor or owner-user seeking an established commercial footprint in Milford.