Historical Special Purpose Sale Listing - 131-139 Washington Street/Route 20

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131-139 Washington Street/Route 20

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

N/A

6,000 SF | Special Purpose

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Special Purpose Property - Off Market

Price:
N/A
Building Size:
6,000 SF
Property Type:
Special Purpose
Property Sub-type:
Special Purpose (Other)
Additional Sub-types:
Distribution Warehouse
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
7.50%
Tenancy:
Multiple
Year Built:
1974
Lot Size:
4.70 AC
Listing ID
15001857
Last Updated
over 1 year ago

Highlights

  • Great Location
  • Investment Opportunity
  • Growth Potential

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.

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

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

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