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885 Main St 1,888 SF Retail Condo Unit Offered at $259,000 in Tewksbury, MA 01876
Investment Highlights
- 2 separate glass storefront entrances.One left side (leased to Boston Bartender School), the right side used for owner storage
- New HVAC system, all LED lighting, 100amp service, Washer hookup in back.
- Bartender School (TAW) uses approximately 1/2 the space. New owner could add 2nd tenant, use current owners space or the entire condo. Very flexible.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 70 |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 70 |
Description
Excellent location with lots of parking and all commercial glass storefronts. 2 separate commercial spaces. Each space has its signage on the building and its own private bathroom. Large common room in the rear used for storage and as a common rear egress. Recent HVAC replacement just a couple years back and upgraded 200amp circuit breaker panel. All LED remote controllable lighting. Currently there is a bar tending school on the left side that is rented as a tenant at will and owner storage to the right (the old Sullivan Insurance Company). The new owner is free to keep the current tenant and add a second tenant for a great income producing asset or use the entire space . Very flexible situation for the new owner. The current tenant is over due for a rental increase but this place more than pays for itself as is. If you add another tenant you can only do better. Owner simply no longer needs the storage. Total space of 1880sf (public records), all other sizes and such are estimates.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit A-9 | 1,888 SF | Retail | $259,000 ($137.18/SF) | - |
Unit A-9
| Unit Size |
| 1,888 SF |
| Condo Use |
| Retail |
| Price |
| $259,000 ($137.18/SF) |
| NOI |
| - |
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Unit A-9
| Unit Size | 1,888 SF |
| Condo Use | Retail |
| Price | $259,000 ($137.18/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 70 |
| Description | |
| Excellent location with lots of parking and all commercial glass storefronts. 2 separate commercial spaces. Each space has its signage on the building and its own private bathroom. Large common room in the rear used for storage and as a common rear egress. Recent HVAC replacement just a couple years back and upgraded 200amp circuit breaker panel. All LED remote controllable lighting. Currently there is a bar tending school on the left side that is rented as a tenant at will and owner storage to the right (the old Sullivan Insurance Company). The new owner is free to keep the current tenant and add a second tenant for a great income producing asset or use the entire space . Very flexible situation for the new owner. The current tenant is over due for a rental increase but this place more than pays for itself as is. If you add another tenant you can only do better. Owner simply no longer needs the storage. Total space of 1880sf (public records), all other sizes and such are estimates.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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885 Main St
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