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990 S Main St 8,000 SF 100% Leased Retail Building Athol, MA 01331 $1,250,000 ($156.25/SF) 7.87% Cap Rate
Executive Summary
Prime Investment Opportunity. Two Leased Deleaded, Residential Units with two parking spaces each, for a total of four parking spaces. Auto Dealer/Detail operated by owner and is available for lease; auto repair garage leased. Auto Dealer Permited for 80 cars.
Rear parking lot is now paved for additional parking.
Investment highlights
Residential Units' monthly income is $2,950.00. Auto Dealer's monthly income is $3,500.00. Auto Repair Garage's monthly income is $3,000.00 for a total of $113,400.00. Yearly Expenses are approximately $15,000.00, for an Estimated Net Income of $98,400.00
Rear Parking Lot is now paved for additional parking.
Rear parking lot is now paved for additional parking.
Investment highlights
Residential Units' monthly income is $2,950.00. Auto Dealer's monthly income is $3,500.00. Auto Repair Garage's monthly income is $3,000.00 for a total of $113,400.00. Yearly Expenses are approximately $15,000.00, for an Estimated Net Income of $98,400.00
Rear Parking Lot is now paved for additional parking.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
8,000 SF
Building Class
C
Year Built
1930
Price
$1,250,000
Price Per SF
$156.25
Cap Rate
7.87%
NOI
$98,400
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.10
Lot Size
1.81 AC
Opportunity Zone
Yes
Zoning
CB
Parking
80 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
132’ on South Main Street
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Property Taxes
| Parcel Number | ATHO-000020-000046 | Improvements Assessment | $385,000 |
| Land Assessment | $111,100 | Total Assessment | $496,100 |
Property Taxes
Parcel Number
ATHO-000020-000046
Land Assessment
$111,100
Improvements Assessment
$385,000
Total Assessment
$496,100
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990 S Main St