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Historic- Lee National Bank 47 Main St 2,256 SF 100% Leased Retail Building Lee, MA 01238 $995,000 ($441.05/SF)
Investment Highlights
- Owner is open to Sale/Lease back.
- Architectural plans for second floor apartment and addition to rear will be provided to buyer.
- Prominent Main Street location featuring a 1920 addition and flexible layout.
- Accessible Approach with Ramp; Handicap Access; Handrails; Wheelchair Access.
- Historic 1835 bank building with original character and architectural charm.
- Separate HVAC systems, and updated electric service.
Executive Summary
Historic former Lee National Bank building is being offered for sale. The front bank area, 47 Main, 1,220 sf was built in 1835. By the turn of the century, the bank and businesses were doing well, trolleys were rolling up and down the county. So in 1920 the bank added a rear bank area, 49 Main, a 1,036 sf addition. The addition does not include the gardens. The front bank area includes the handicap ramp, side entryway and handicap bathroom. Both areas have separate heat and air-conditioning. They are serviced by 200 amp electric. Many original features have been retained. Possible sale/leaseback. 2020-2021 Architectural plans for second floor apartment and addition to rear will be provided to buyer.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
2,256 SF
Building Class
C
Year Built/Renovated
1835/1920
Price
$995,000
Price Per SF
$441.05
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.13 AC
Zoning
B - Business
Frontage
44’ on Main St
Amenities
- Signage
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | LEEE-000018-A000000-000000-000560-000560 | Improvements Assessment | $407,800 |
| Land Assessment | $144,200 | Total Assessment | $552,000 |
Property Taxes
Parcel Number
LEEE-000018-A000000-000000-000560-000560
Land Assessment
$144,200
Improvements Assessment
$407,800
Total Assessment
$552,000
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Contact the Sale Advisor
Historic- Lee National Bank | 47 Main St