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$ 2,949,000
Est. payment | /mo
0.35 Acres Lot
$ 2,949,000
Est. payment | /mo
0.35 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73501263
HOA Y/N false
Year Built 1880
Annual Tax Amount $48,070
Tax Year 2025
Lot Size 0.350 Acres
Acres 0.35
Property Description
An exceptional opportunity for both end users and investors. This property offers nearly 20,000 square feet of commercial space, attractively priced at under $150 per square foot. Conveniently located just off Moody St and only 0.4 miles from the commuter rail, it provides excellent accessibility. The current owner occupies approximately 2,800 square feet on the top floor and is willing to either vacate or remain, depending on the buyer's preference. Since acquiring the property in 2016, the seller has invested over $1,000,000 in significant renovations including a new rubber membrane roof. The building features 12 commercial spaces with a strong, stable tenant base, generating an annual income of $345,000 and delivering an approximate 7.6% cap rate. The sale also includes an additional lot that offers ample parking.
Location
State MA
County Middlesex
Zoning Comm
Direction Moody St to Felton St
Exterior
Utilities Available Public Water, Public Sewer
Roof Type Rubber
Others
Senior Community false
Listed by Steve Bremis Realty Group