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116 Main St - USPS Leased Property 2,930 SF Specialty Building Offered at $799,000 at a 6.24% Cap Rate in Upton, MA 01568
Investment Highlights
- critical multi-town intersection
- lease options extending for the next 15 years
- daily traffic volume of 10,000 vehicle
- 10% rental increases every 5 years
Executive Summary
Seize a unique commercial investment opportunity in the heart of downtown Upton. Presenting the Upton Post Office—a singular specialty property poised for significant returns. With ironclad long-term lease options extending for the next 15 years, this investment promises security and substantial growth potential. The lease features lucrative 10% rent increases every 5 years, ensuring consistent income escalation. This well-maintained brick veneer building stands as a cornerstone of the community, offering classical charm along with a strategic position along main streets (Route 140) critical multi-town intersection.
Property Facts Under Contract
| Price | $799,000 | Building Class | C |
| Price Per SF | $272.70 | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 2,930 SF |
| Cap Rate | 6.24% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1970 |
| Property Subtype | Post Office | Parking Ratio | 1.71/1,000 SF |
| Zoning | C & I - Zoning allows for a vast range of principal uses including but not limited to Retail, Consumer Services and Educational uses. | ||
| Price | $799,000 |
| Price Per SF | $272.70 |
| Sale Type | Investment |
| Cap Rate | 6.24% |
| Property Type | Specialty |
| Property Subtype | Post Office |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 2,930 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 1.71/1,000 SF |
| Zoning | C & I - Zoning allows for a vast range of principal uses including but not limited to Retail, Consumer Services and Educational uses. |
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | UPTO-000203-000000-000112 | Improvements Assessment | $328,300 |
| Land Assessment | $159,400 | Total Assessment | $487,700 |
Property Taxes
Parcel Number
UPTO-000203-000000-000112
Land Assessment
$159,400
Improvements Assessment
$328,300
Total Assessment
$487,700
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116 Main St - USPS Leased Property
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