
121 Depot Street Milford — Photo 1 of 42
$889,000
Milford, MA 01757
Beds
--
Baths
4
SqFt
7,046
Style
Other
Built
1960
This is an opportunity to acquire the a former Japanese steakhouse and sushi restaurant, previously operated as Tokyo Steakhouse. The property features existing hibachi stations, sushi/bar areas, large commercial kitchen, spacious dining hall, and a private second-floor function room ideal for events and additional dining capacity. The first floor accommodates approximately 140 seats, while the second floor offers seating for approximately 80 guests. Property is equipped with natural gas, three 5-ton heating systems, 3-phase electrical service, walk-in coolers, and infrastructure for restaurant or hospitality use. Ample on-site parking with approximately 28 spaces enhances accessibility and customer convenience. Previously operated with liquor and lottery licenses. Excellent opportunity for restaurateurs, hospitality groups, or investors seeking a restaurant location with strong operational capacity.
Limited sample — based on 3 comparable properties.
* Analysis is based on 3 actively listed and recently sold comparable properties strictly within Milford, MA.
30,609
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$97K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
34.5%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
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 Agent: James Kalogeropoulos
Listing Office: RE/MAX Partners
MLS® Number: 73517046
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