Active
18 Days on market
24 Asylum St Milford — Photo 1 of 19

24 Asylum St Milford — Photo 1 of 19

$449,000

24 Asylum St, Milford, MA 01757

Milford, MA 01757

Beds

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Style

Other

Built

1988

Prime Professional Office Opportunity in Milford. Currently being utilized as a single Unit building the property is deeded as two separate units providing greater revenue potential. Excellent opportunity to own a well-established professional office property at 24 Asylum Street in Milford. Conveniently located just off the downtown area with easy access to major routes, local businesses, restaurants, municipal offices and area amenities, this property offers an attractive option for an owner-user, investor, or professional practice.The building is currently utilized as professional law offices and offers a functional layout well suited for attorneys, accountants, financial services, medical or other professional office users. The property provides a combination of private offices, meeting/conference space, reception and common areas, allowing for flexibility for a variety of business needs.A major advantage is the opportunity for a buyer to occupy all or a portion of the property while potentially generating rental income from additional office space. The existing professional use also provides a strong foundation for an investor seeking an established commercial property in the Milford market.Located minutes from Milford's downtown business district and offering convenient access to Route 16, Route 140 and I-495, the property is positioned to serve clients and employees throughout the MetroWest and surrounding communities.Whether you're looking to establish your own professional headquarters, expand an existing business, or add a commercial property to your investment portfolio, 24 Asylum Street offers location, flexibility and long-term potential in the heart of Milford.

Property Details

Financials

Original Price$449,000
Annual Taxes$4,677

Parking

Garage0
Off-Street0

Interior Specifications

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BasementNone

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ZoningCC

Property & Lot

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Geography

Population

30,609

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$97K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

34.5%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,806 housing units permitted in the last 12 months (-4% vs the prior 12 months) — 1,006 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Scott Savage

Listing Office: Savage Edge Realty LLC

MLS® Number: 73567725

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