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424-438 Main St 34,400 SF 1% Leased Retail Building Fitchburg, MA 01420 $540,000 ($15.70/SF)
Investment Highlights
- Main St, Heavy Traffic, Next to Municipal Garage, Close to Train Station, 17 Approved Residential Units
- Opportunity Zone,
- Open Space
Executive Summary
Back on the Market due to Buyers Financing!! Are you looking to build a mix use 17 unit apartment building? Already approved by the Fitchburg Planning Board in 2025, this project will allow a buyer to build 17 Residential Apartments, office space and a drive under garage which includes 27 parking spaces. The plan includes 1 and 2 bedroom apartments, 2 levels of living space, and additional storage in the basement. The building offers over 34,000 Sq Ft of space, is adjacent to a 200+ public parking garage, and is only 1/4 mile to MBTA commuter rail as well as Fitchburg State University. The space is gutted and ready to be developed.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Building Size
34,400 SF
Building Class
C
Year Built
1948
Price
$540,000
Price Per SF
$15.70
Percent Leased
1%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.21
Lot Size
0.36 AC
Opportunity Zone
Yes
Zoning
CBD - Building is in an OPPORTUNITY ZONE. Allows for Retail/Office/Apartments.
Parking
45 Spaces (1.31 Spaces per 1,000 SF Leased)
Frontage
91’ on Main St
Amenities
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
60/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | FITC-000043-000004 | Improvements Assessment | $645,600 |
| Land Assessment | $112,800 | Total Assessment | $758,400 |
Property Taxes
Parcel Number
FITC-000043-000004
Land Assessment
$112,800
Improvements Assessment
$645,600
Total Assessment
$758,400
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424-438 Main St