499 New Haven AveMilford, CT 06460

This exceptional 0.56-acre waterfront property at 499 New Haven Avenue in Milford, CT, presents a remarkable investment opportunity. The 930-square-foot existing structure is vacant and offers immediate income potential through rental while development plans are formulated. This highly visible site enjoys thousands of daily car pass-bys, ensuring strong exposure for any future development. The property is zoned for flexible development, allowing for a range of possibilities. Preliminary assessments suggest the potential for at least eight townhouses, or potentially a larger residential building, subject to necessary approvals from the relevant authorities. The site's prime waterfront location offers stunning views and easy access to major highways, shopping centers, and downtown Milford, making it an ideal location for high-demand residential units or a mixed-use project. This unique blend of natural beauty and strategic positioning makes this a rare chance to create a landmark development in a thriving Connecticut community. Prospective buyers are encouraged to independently verify zoning regulations and development possibilities with the local authorities to fully explore the potential of this exceptional property. The asking price is $799,000.