This property is Off-Market

131-139 Washington Street/Route 20
Auburn, MA 01501 ·

6,000 SF · Special Purpose For Sale

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131-139 Washington Street/Route 20

Price N/A Commission Split 2%
Building Size 6,000 SF Cap Rate 7.50%
Property Type Special Purpose Tenancy Multiple
Property Sub-type
Special Purpose (Other)
More...
  • Distribution Warehouse
Year Built 1974
Property Use Type Investment Lot Size 4.70 AC
Listing ID: 15001857 Date Created: 02/14/2007 Last Updated: 10/08/2007

Description

This property is on bust Route 20. Great long term investment opportunity. Two abutting parcels. One parcel has 19 mobile homes , with potential for an additional mobile home. Each mobile home tenant pays $250 a month, another small building genertates $6,000 a year. Second parcel has a industrial user paying $36,000 a year and the second retailer is paying $33,000 a year. Seller projects yearly expenses to be about $20,000-$25,000. Rents appear to be all below market rates. The current Cap rate does not reflect the long term value of the property.

On highly traveled Route 20.

Highlights

  • Great Location
  • Investment Opportunity
  • Growth Potential

Research

131-139 Washington Street/Route 20, Auburn, MA 01501 (Worcester County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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