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Commercial Real Estate For Sale
524 Grant St
Leominster, Massachusetts 01453
BUY A COMMERCIAL PROPERTY AT THE RESIDENTIAL PRICE! 2 Bldgs 3840SF & 1650SF on .84 Ac parcel. Convenient location (behind DCU) for Professional Offices; Doctor, Lawyer, Dentist, or Accountant with potential of up to three incomes. Could also make great Hair, Nail, Massage or other Service oriented business. Space for Mechanic/Contractor out back. Main building has two suites 2540SF & 1300SF with open floor plan, hard wood fls. Easy to make handicap accessible baths. Off St. parking for 8+ cars, a 2 car garage and full basement for storage. Contractor Garage 1650SF is SUB-DIVIDABLE and has (2) 12ft overhead doors, abundant outside parking/storage with access from Woodbury St. (off of Central St. Rt. 12). Estimated Monthly Income $4000. Gross Yrly income $48,000. Expenses: Insurance: $2000, Maint/Plowing: $3360 (7%), Taxes: $5100, Vacancy Rate:$2400 (5%). Total Estimated Net Income: $35,140. Asking price ($369,900) can generate a CAP of 10.5. This calculates to $10.11 sf/yr NNN.
$369,900.00
MLS#:72126348
Listing Office:Keller Williams Realty North Central
Listing Agent:Richard Perkins
Office Phone:(978) 840-9000
Address: 524 Grant St
City:Leominster
State:Massachusetts
ZIP Code:01453
Property Type:Commercial/Industrial
Lot Size:36747.00
Property Size:5490.00
Year Built:1965
Parking Spaces:8
Parking Feature:1-10 Spaces,Garage,Paved Driveway,Unpaved Driveway,On Site
Instruction:Pre-Qualification letter required prior to showings. Need 24 hr notice for Tenants
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