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433 S MAIN ST, Milford, UT — photo 11 / 69

$499,900

Reduced from $599,900 · today

433 S MAIN ST, Milford, UT 84751

Subtype

Retail

Building SF

2,224

$/SF

$225

Lot

0.06 ac

Property Details

Property typeCommercial Sale
SubtypeRetail
Building SF2,224 sqft
Year built1965
Lot size0.06 acres
Current useRetail
Taxes (annual)$618
Days on market159
Listed2026-04-03T00:00:00+00:00

Description

Turnkey restaurant opportunity in a prime downtown Milford location on Main Street, directly across from the post office, offering excellent visibility and steady foot traffic. This fully equipped space is ready for immediate operation and includes everything shown in the photos, all in working condition-refrigerators, appliances, and equipment are fully functional, allowing you to start serving customers from day one without the hassle or expense of build-out. The functional layout, existing kitchen equipment, and established infrastructure make it ideal for an owner-user or investor looking to launch or expand quickly, with flexibility for a variety of cuisine concepts. Beyond the property itself, Milford, Utah is rapidly emerging as a strategic hub for energy, logistics, and industrial growth, driven by major investments including a $421M geothermal project and a 25,000+ acre development zone focused on infrastructure and industry. The area is experiencing a steady influx of workers, contractors, and technical personnel, with the city actively expanding RV housing and accommodations to support this growth. With established rail access, strong agricultural and industrial activity, and a growing renewable energy sector, Milford presents a solid and diversified economic base. Despite this expansion, dining and food service options remain limited, creating a unique opportunity for a restaurant, bakery, caf, or grab-and-go concept to meet increasing demand. Whether you're starting your first restaurant or adding to your portfolio, this property is a rare chance to position yourself early in a high-growth, underserved market. Motivated seller-bring your offers! -- If you'd like to learn more about why Milford is an exceptional place to invest in the dining market, please refer to the attached PDF for additional details and insights.

Listed by Roberth Sanguino Uribe · Ultimate Homes of Utah LLC

Location

433 S MAIN ST, Milford, UT 84751

Cap Rate Calculator

Underwrite this property at a glance. Adjust NOI, vacancy, and OpEx to model your own assumptions.

Cap Rate

5.25%

$/SF

$225

GRM

11.8

Purchase price
$
Gross scheduled income
$/yr
Vacancy5%
Operating expense ratio35% ($14,129)
Effective gross income$40,367/yr
Operating expenses$14,129/yr
Derived NOI$26,239/yr

Cap rate estimates are based on assumptions, not guaranteed, and should not be relied upon. Buyers must verify all information — including NOI, OpEx, lease terms, and rent rolls — directly with the seller or listing agent.

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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 9/9/2026, 7:54:29 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.