408 River StreetFitchburg, MA 01420MLS Number 72397087

  • Price: $239,900
  • 101 Days on Market
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Federal 30-year interest rate: 4.75% last updated on Dec 6, 2018
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Driving Directions

  • 0.09Acreage
  • 1949Year Built
  • 7912Square Feet

Investors take note! Excellent CAP on this Property. At asking price with estimated rents & 25% Vac., this property produces a 13% CAP. A CAP of 10% (25% vac.) this property will support an asking price of $314,430.00. Owner says bring your offers! Located on Rt. 12, 31 & 2A near the corner of Oak Hill Rd. In the Marijuana Retail zoning with several large apartment buildings close by. High traffic count of 10,117 (2W, 2017). Convenient location close to downtown and residential neighborhoods. Beautifully maintained Retail/Flex building with many updates include new building facade and windows in 2006. One new heating system. Owners have owned and cared for this building for close to 20 yrs and it shows. Building is set up for (4) approx. 2000 sf retail/flex spaces with 3 bathrooms throughout. Great location for Home Decor (existing business open for 20 yrs, owners retiring), Adult use Marijuana Retail, Restaurant, or Salon/Spa/Nail. Buyer to confirm uses with City.

Listed by Richard Perkins of Keller Williams Realty North Central

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More Info

Parking

  • Parking Spaces12
  • Parking FeatureStreet

Building

  • Year Built1949
  • ConstructionFrame
  • Total Units4
  • Total Bldg Sf7912
  • No Units4
  • Reu Units4
  • No Buildings1
  • No Of Restrooms3
  • No Stories2
  • SprinklersNo
  • Sub DividableNo
  • Entry OnlyNo
  • ElevatorNo
  • Assessed Value Bldg43300

Basic Information

  • StatusACT
  • MLS Number72397087
  • Prop TypeCI
  • Status Date2018-09-18T11:27:00
  • Date Listed09/01/2018
  • List Price$239,900
  • Price Per Square Foot$30
  • LeaseNo
  • DirectionNear the corner of River St. (Rt. 12, 2A & 31) and Oak Hill Rd.

Interior

  • Ceiling Height12

Exterior

  • Railroad SidingNo
  • Roof MaterialMembrane

Utilities

  • UtilitiesPublic Water, Public Sewer, Natural Gas, 110 Volts

Photos

  • Photo Date2018-09-18T11:27:00
  • Number of Photos18

Other

  • Modification Date2018-09-22T04:05:00
  • Property TypeCommercial
  • Listing AlertNo
  • Year Built SourcePublic Record
  • DisclosureNo
  • Depth39
  • Book4987
  • Listing AgreementExclusive Right to Sell
  • Ref Bldg Sf7912
  • ExclusionsSome light fixtures not included
  • ExchangeNo
  • Firm Rmk1Call Listing Agent for Showing
  • Page121
  • View Count27

Location

  • Building Number408
  • Street No408
  • StreetRiver Street
  • TownFitchburg
  • StateMA
  • Zip01420
  • CountyWorcester
  • LocationUrban, Free Standing, Highway Access, Public Transportation

Property

  • Acreage0.09
  • Net Operating Inc31443
  • Space AvailableFor Sale
  • Site ConditionDry, Level
  • Square Feet7912
  • SubletNo
  • Gross Annual Exp16029
  • Lot Size3746
  • Frontage136
  • Traffic Count10117
  • Gross Annual Income47472
  • Handicap AccessNo
  • Assessed Value Land162500
  • Main LoK95580

Your Local Office

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Leominster, MA 01453

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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