Hooters Restaurant Property in Milford Sold, Renovations Planned to the Restaurant

MILFORD, CT - The property currently occupied by Hooters Restaurant has been sold for $1.25 million, a local real estate official told Patch.

Barbara L. Pearce, CEO and President of Pearce Real Estate, announced today that DeForest (“Frosty”) W. Smith, Senior Vice President, and Carl G. Russell, Senior Broker, have successfully completed the sale of 990 Boston Post Road for $1.25 million.

The property is currently occupied by Hooters Restaurant which will undergo extensive renovations, according to Pearce. In an email to Patch, Pearce said Hooters is definitely remaining at the site.

"Yes, renovations are going to be on the current facility," Pearce said. 

Pearce explained in a statement why the deal was complicated.

“Our Commercial pros sold three separate parcels of land on Shelland Road, Milford for the investment firm and then used the proceeds to purchase the Boston Road property, thus saving the investment company a substantial amount in federal taxes. It is a prime example of putting years of experience to work, listening to the needs of our clients and doing the best for them. Carl and Frosty did a great job with the complicated deal, and we applaud their hard work,” she said in a statement.