853 North Main St, Leominster, MA 01453

Commercial

$699,900
Price
$625,000
Sale Price

2
Buildings
Commercial
Type of Comm.
33,040.00
Lot Size
22,300 (NET RENTABLE) SF MIXED USE (RETAIL & OFFICE) STRIP CENTER IN GOOD CONDITION. CONSISTS OF TWO BUILDINGS. AWESOME 12.2% CAP RATE WHEN FULLY RENTED. STILL VERY STRONG 8.4% CURRENT CAP RATE. THE SITE IS 33,040 SF AND IS SITUATED AT A LIGHTED INTERSECTION ON ROUTE 12 IN LEOMINSTER. TRAFFIC COUNT IS ESTIMATED AT 34,300 CARS PER DAY. CONSISTS OF TWO BUILDINGS. ONE IS A 2 STORY 11,784 SF BUILDING WITH RETAIL ON LOWER LEVEL & OFFICE ON THE UPPER LEVEL. THERE IS ALSO AN UNHEATED SINGLE LEVEL WAREHOUSE STYLE BUILDING OF 11,224 SF. SINCE LOSING ITS ANCHOR TENANT, THE COMPLEX IS CURRENTLY ABOUT 70% LEASED. A PROFORMA DOCUMENT IS AVAILABLE UPON REQUEST. PROFORMA REVENUE COULD BE INCREASED BY CONVERTING THE WAREHOUSE TO RETAIL OR OFFICE USE.
Highlights
Lot Size: 33,040.00
Acres: 0.76
Sale Price: $625,000
Settled Date: 2/1/2017 12:00:00 AM
List Price: $699,900
Type: Commercial
Type of Comm.: Commercial
Status: Sold
Stories: 2
Buildings: 2
Total Units: 11
Total Sq. Ft.: 22,300
Year Built: 1920
Approx. GLA: 22,300
MLS#: 72046626
Interior
Ceiling Height: See Details Now
Elevator: See Details Now
Fire Places: See Details Now
Exterior
Water: See Details Now
Acres: 0.76
Depth: See Details Now
Space Dividable: See Details Now
Easements: See Details Now
Expandable: See Details Now
Handicap Access: See Details Now
Lot Size: 33,040.00
Parking Spaces: 40
Parking Features: 21+ Spaces
Construction: See Details Now
Railroad Siding: See Details Now
Roof Material: See Details Now
Site Condition: See Details Now
Sprinklers: See Details Now
Traffic Count: See Details Now
Underground Tank: See Details Now
Location: See Details Now
Utilities: See Details Now
Beach: See Details Now
Taxes
Short Sale Lender Approval: See Details
Lender Owned: See Details
21E On File: See Details
Assoc. Fee Includes: See Details
Assessed Building Value: See Details
Condo Assoc.: See Details
Assessed Land Value: See Details
Exchange: See Details
Assessed Price: See Details
Gross Annual Expenses: See Details
Mill Rate: See Details
Gross Annual Income: See Details
Taxes: See Details
Homeowner's Assoc. Fee: See Details
Tax Year: See Details
Lien and Encumbent: See Details
Net Operating Income: See Details
Book/Page: See Details
Lease Price Includes: See Details
Sublet: See Details
Plat Plan: See Details
Special Financing: See Details
Survey: See Details
Total Assesed Value: See Details
Zoning: See Details
Zone Description: See Details
 
Features
Manufacturing Sq. Ft.: See Details
Manufacturing Units: See Details
Office Sq. Ft.: See Details
Office Units: See Details
Retail Sq. Ft.: See Details
Retail Units: See Details
Residential Sq. Ft.: See Details
Residential Units: See Details
Warehouse Sq. Ft.: See Details
Warehouse Units: See Details
 
 
Additional
Exclusions: See Details Now
Disclosure Declaration: See Details Now
Disclosure: See Details Now
For Lease: See Details Now
Lease Type: See Details Now
Space Available: For Sale
Map
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The listing office is Century 21 North Shore/Storrs & DeNault and the listing agent is Bruce Gallant. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 8/20/2017 7:05:00 AM.
 
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Central Mass Real Estate