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88 W Park St 17,062 SF Retail Building Lee, MA 01238 $3,000,000 ($175.83/SF)
Executive Summary
Prime Town Center Redevelopment Opportunity. This 17,072 sf Building sits on 1.75 acres with direct access to Downtown Lee and plenty of on-site Parking. It is a former Supermarket Building (see restricted uses).
Property has additional frontage on Main Street opposite from the Town Hall. **Price is for Building Only, in "As Is" condition. Seller holds a Ground Lease at initial term of $1/sq.ft.
***Restricted Uses: Property MAY NOT be used as a Supermarket, Dollar Store, Convenience Store or Drug Store. A Restaurant of up to 5000 sq.ft is allowed.
****Property also available for LEASE ONLY at $ 10/sq.ft. "As Is".
EMAIL OR CALL ONLY. AGENT DOES NOT USE MICROSOFT TEAMS OR ZOOM.
Property has additional frontage on Main Street opposite from the Town Hall. **Price is for Building Only, in "As Is" condition. Seller holds a Ground Lease at initial term of $1/sq.ft.
***Restricted Uses: Property MAY NOT be used as a Supermarket, Dollar Store, Convenience Store or Drug Store. A Restaurant of up to 5000 sq.ft is allowed.
****Property also available for LEASE ONLY at $ 10/sq.ft. "As Is".
EMAIL OR CALL ONLY. AGENT DOES NOT USE MICROSOFT TEAMS OR ZOOM.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
17,062 SF
Building Class
C
Year Built
1959
Price
$3,000,000
Price Per SF
$175.83
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.75 AC
Zoning
B - Business
Frontage
132’ on W Park 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-A000000-000000-000610-000610 | Improvements Assessment | $469,500 |
| Land Assessment | $280,500 | Total Assessment | $750,000 |
Property Taxes
Parcel Number
LEEE-000018-A000000-000000-000610-000610
Land Assessment
$280,500
Improvements Assessment
$469,500
Total Assessment
$750,000
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