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Turn-key Property on Rt. 38 623 Main St 13,524 SF Retail Building Tewksbury, MA 01876 $8,950,000 ($661.79/SF)



Investment Highlights
- Renovated in 2023 with extensive mechanical, interior, and exterior upgrades
- Two-lot configuration with site plan approval and entitlement to combine parcels
- Modernized showroom, offices, shop, and building systems including HVAC, lighting, and flooring
- Positioned directly on Route 38 with quick access to Routes 495, 93, 3, and 28
- Parking capacity supported by an approved permit for up to 225 vehicles
- High-performing trade area drawing from Tewksbury, Lowell, Wilmington, Billerica, Andover, Chelmsford, and Burlington within 5–10 miles
Executive Summary
This exceptional automotive dealership opportunity offers a rare chance to acquire a fully modernized, turn-key property strategically positioned along Route 38 in Tewksbury, one of the region’s most active commercial corridors. Extensively renovated in 2023, the asset reflects a meticulous commitment to quality, with comprehensive upgrades spanning interior finishes, mechanical systems, building infrastructure, shop functionality, and site enhancements. The main dealership building benefits from updated HVAC with a new heat pump, refreshed hot water systems, upgraded high-bay and exterior LED lighting, newly installed ceramic tile flooring, complete bathroom renovations, fresh interior and exterior paint, new ceiling tiles and showroom lighting, resurfaced and epoxy-coated shop floors, and seamless integration of WiFi and data lines throughout the building. The service area features twelve heated and air-conditioned bays, thirty-foot high bays, ten-foot garage doors, updated air lines, and a fully re-striped parking lot, ensuring operational efficiency for high-volume service demands. This property sits on two lots (#611 and #623). One features a thriving green auto dealership, while the other holds a house ready for demolition, offering extra space to grow your business. The owners have already secured permits, completed testing and approvals, and disconnected utilities. Together, the lots span 3.02 acres, with 140 parking spots at the dealership and room for up to 85 more on the second lot. The city has approved a total of 225 parking spaces between both lots. Real Estate only for sale.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
13,524 SF
Building Class
C
Year Built/Renovated
2001/2023
Price
$8,950,000
Price Per SF
$661.79
Tenancy
Single
Building Height
2 Stories
Building FAR
0.10
Lot Size
3.02 AC
Zoning
General Business - General Business
Parking
140 Spaces (10.35 Spaces per 1,000 SF Leased)
Frontage
348’ on Main Street
Amenities
- Corner Lot
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | TEWK-000034-000000-000048 | Total Assessment | $2,408,300 |
| Land Assessment | $457,200 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,951,100 | Tax Year | 2025 |
Property Taxes
Parcel Number
TEWK-000034-000000-000048
Land Assessment
$457,200
Improvements Assessment
$1,951,100
Total Assessment
$2,408,300
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Turn-key Property on Rt. 38 | 623 Main St
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