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Seven Highly Visible Retail/ Office Condos 281 Main St 16,000 SF Vacant Retail Building Online Auction Sale Fitchburg, MA 01420
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- 281 Main Street presents a two-story, seven-unit condo building of office/ retail storefront units.
- An investor or user’s value-add opportunity to occupy and/or rent the mixed-use condos, which can accommodate a variety of commercial businesses.
- The seven suites comprise 11 offices, two main areas, two conference rooms, one break room, private restrooms, and security cameras.
- Highly visible and easily accessible Downtown Fitchburg location at the signalized intersection of Main Street and Day Street.
- Close to the Massachusetts Bay commuter rail, Fitchburg State University, and downtown restaurants, retailers, and more.
EXECUTIVE SUMMARY
Coldwell Banker Commercial NRT presents the investment acquisition or the opportunity to bring your business to Downtown Fitchburg, Massachusetts. The property at 281 Main Street is a two-story, 16,000-square-foot building, with seven suites comprised of 11 offices/ retail condos. All suites have separate utilities, central A/C, and private parking. There is a full basement with lots of room for storage, and a public parking lot in the back for over 50 cars. 281 Main Street is ideal for any business that needs the public to be successful – a restaurant, a workout gym, retail stores, real estate offices, banking, a medical clinic, or an educational institute.
281 Main Street is ideally located downtown and is close to commuter rail stations, Fitchburg State University, the Fitchburg Courthouse, and the bustling professional and retail downtown corridor. This building is highly visible downtown, with a combined surplus of 33,000 vehicles passing daily at the intersection of Main Street and Day Street. Retailers along Main Street include CVS, Dunkin’, YMCA, Crunch Fitness, Family Dollar, Hannaford, McDonald’s, Petco, BJ’s Wholesale, Starbucks, and many more. The Fitchburg Regional Airport is less than 5 miles south via Crawford Highway, which serves Southwest Airlines, American Airlines, United Airlines, and other major air carriers.
Over 32,700 daytime employees travel within a 5-mile radius of 281 Main Street. Annual consumer spending is more than $1.6B, with food and drinks, transportation, and household products claiming the top three spending realms. Education and health services report the most significant number of businesses of the service-producing industries in the area.
Worcester is well-connected to Boston and other cities throughout New England. Numerous highways pass through the area, and the city is connected to Boston via commuter rail and Amtrak service. Worcester's location in the center of New England and its proximity to Boston make it a sought-after destination for many distribution and logistics firms, and the wholesale and retail sector is a key driver of economic and employment growth.
Property tours are available by appointment only. Please contact the listing broker to schedule.
281 Main Street is ideally located downtown and is close to commuter rail stations, Fitchburg State University, the Fitchburg Courthouse, and the bustling professional and retail downtown corridor. This building is highly visible downtown, with a combined surplus of 33,000 vehicles passing daily at the intersection of Main Street and Day Street. Retailers along Main Street include CVS, Dunkin’, YMCA, Crunch Fitness, Family Dollar, Hannaford, McDonald’s, Petco, BJ’s Wholesale, Starbucks, and many more. The Fitchburg Regional Airport is less than 5 miles south via Crawford Highway, which serves Southwest Airlines, American Airlines, United Airlines, and other major air carriers.
Over 32,700 daytime employees travel within a 5-mile radius of 281 Main Street. Annual consumer spending is more than $1.6B, with food and drinks, transportation, and household products claiming the top three spending realms. Education and health services report the most significant number of businesses of the service-producing industries in the area.
Worcester is well-connected to Boston and other cities throughout New England. Numerous highways pass through the area, and the city is connected to Boston via commuter rail and Amtrak service. Worcester's location in the center of New England and its proximity to Boston make it a sought-after destination for many distribution and logistics firms, and the wholesale and retail sector is a key driver of economic and employment growth.
Property tours are available by appointment only. Please contact the listing broker to schedule.
MATTERPORT 3D TOUR
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
DATA ROOM Click Here to Access
- Market Information
- Operating and Financials
- Purchase Agreement
- Title and Insurance
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,000 SF
Building Class
C
Year Built
1960
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.99
Lot Size
0.37 AC
Opportunity Zone
Yes
Parcel Numbers
Zoning
C - Commercial
Parking
13 Spaces (2.07 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (84)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
19,584
52,150
82,017
2020 Population
19,570
51,516
81,538
2029 Population
19,484
52,004
81,685
2024-2029 Projected Population Growth
-0.5%
-0.3%
-0.4%
Daytime Employees
6,177
15,852
32,739
Total Businesses
746
2,238
4,231
Average Household Income
$67,915
$81,680
$89,004
Median Household Income
$53,893
$65,554
$70,397
Total Consumer Spending
$187.4M
$590.5M
$1B
Median Age
34.3
38.1
39.3
2024 Households
7,495
20,540
32,455
Percent College Degree or Above
13%
16%
17%
Average Home Value
$284,756
$323,221
$351,923
NEARBY MAJOR RETAILERS
ABOUT THE SELLER
Read More
SALE ADVISOR
SALE ADVISOR
Doug Tammelin, Realtor
Doug has over 20 years of experience in the construction and finance industry and an accounting and MBA from UMASS. He is a Gulf War Veteran who served the country on active duty in the Army for six years. Doug has been offering real estate services for over five years. Doug is recognized as a 2020, 2019, 2018, 2017, and 2016 top premier agent and was awarded the President's Club four years in a row.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
AUCTION CONTACT
Kevin Loudy
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 423761-RE-LC
1 of 23
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Seven Highly Visible Retail/ Office Condos | 281 Main St
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