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Commercial Real Estate For Sale
524 Grant St
Leominster, Massachusetts 01453
Two buildings 3840SF & 1650SF on a .84 Acre parcel zoned Commercial. This is a great location for Professional office with potnetial of up to three incomes. Would make great Doctor, Lawyer, Dentist, or Accountant office. Main building has two suites 2500SF & 1300SF with open floor plan, convenient location behind DCU. Off stree parking for 8 or more cars, a 2 car garage and full basement for storage. Contractor Garage 1650SF 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 Estimated Value Based on Income $468,533 with CAP rate of 7.5%. This value calculates to $10.17 sf/yr NNN
$449,900.00
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:Need 24 hr notice for Tenants
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