Discover an exceptional opportunity in Milford's coveted Walnut Beach neighborhood-one of the shoreline's most vibrant & sought-after destinations. Just one block from the beach, this rare mixed-use property offers the perfect blend of commercial flexibility, residential potential, & coastal charm. Completely remodeled in 2018 with state-of-the-art improvements, 42 Naugatuck Avenue presents a unique chance to own commercial space steps from the Connecticut shoreline. The main level is currently home to The Fig Cooking School, but its versatile layout lends itself to countless possibilities, including a boutique restaurant, cafe, artisan bakery, deli, wellness studio, professional office, or specialty retail concept. The commercial space is zoned for outdoor seating and dining-an increasingly valuable amenity in this thriving beach community. The outdoor area offers endless potential for al fresco dining, garden seating, community gatherings, or special events that embrace the neighborhood's relaxed coastal atmosphere. Above the commercial space, a separate private entrance leads to an office & a charming 2-bedroom apartment, creating ideal opportunities for owner occupancy, employee housing, rental income, or expanded business operations. Additional features include 2 private parking spaces, a separate office entrance, & an unbeatable location just moments from Walnut Beach's boardwalk, waterfront, restaurants, shops, & year round events. (Additional Remarks Below)