112-114 Main StreetPepperell, MA 01463MLS Number 72981569

  • Price: $2,799,000
  • 7 Days on Market
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Federal 30-year interest rate: 5.25% last updated on May 19, 2022
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112-114 Main Street Pepperell MA 01463112-114 Main Street Pepperell MA 01463112-114 Main Street Pepperell MA 01463112-114 Main Street Pepperell MA 01463112-114 Main Street Pepperell MA 01463112-114 Main Street Pepperell MA 01463112-114 Main Street Pepperell MA 01463112-114 Main Street Pepperell MA 01463112-114 Main Street Pepperell MA 01463112-114 Main Street Pepperell MA 01463112-114 Main Street Pepperell MA 01463112-114 Main Street Pepperell MA 01463112-114 Main Street Pepperell MA 01463112-114 Main Street Pepperell MA 01463112-114 Main Street Pepperell MA 01463112-114 Main Street Pepperell MA 01463112-114 Main Street Pepperell MA 01463112-114 Main Street Pepperell MA 01463
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  • 0.95Acreage
  • 1962Year Built
  • 16,297Square Feet
Amazing investment opportunity in the heart of Pepperell! Seller has invested over $500k worth of renovations to both the interior and exterior of the property the past 15 years. Conveniently situated in the heart of Pepperell,this property is located in a high traffic area and is only 7.5 miles from Route 3. There are 12 units,with a current occupancy rate of over 80%. 8 of the occupied units pay rent plus NN with 2 units paying NNN. Roof above units 1 through 5 replaced in 2021/2022. Additional renovations include brick facade,lighting,pillars,and signage. HVAC units are tenants responsibility. Tenant of 1-3 is responsible for exterior maintenance. Owner responsible for snow removal only. Detailed income/expense figures,lease information,& rent roll will be provided to serious buyers only. Please do not speak with or disturb current tenants. Please contact listing agent to view the 2 vacant units and for additional info.
Listed by Jason Ryan and Brian Flynn Team of Keller Williams Realty Evolution

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More Info

Parking

  • Parking Spaces61
  • Parking FeatureOpen,21+ Spaces, Improved Driveway, On Site, Shared
  • Total Parking Spaces61

Building

  • Year Built1962
  • ConstructionStone/Concrete, Stucco
  • Total Units12
  • Total Bldg Sf16297
  • No Units12
  • Reu Units12
  • No Buildings1
  • No Of Restrooms9
  • No Stories1
  • Entry OnlyNo
  • Assessed Value Bldg827000

Auction

  • Special FinancingNo

Photos

  • Photo Date2022-05-14T21:16:00
  • Number of Photos18

Basic Information

  • MLS Number72981569
  • Prop TypeCI
  • Status Date2022-05-13T13:16:00
  • Date Listed05/13/2022
  • List Price$2,799,000
  • Price Per Square Foot$172
  • LeaseYes
  • Lease TypeTriple Net Lease (NNN), Gross
  • DirectionGPS
  • MLS StatusActive

Exterior

  • Roof MaterialMembrane

Utilities

  • UtilitiesPublic Water, Public Sewer, Natural Gas, Three Phase

Location

  • StreetMain Street
  • TownPepperell
  • StateMA
  • Zip01463
  • CountyMiddlesex
  • LocationSuburban, Strip, Free Standing

Property

  • Acreage0.95
  • Net Operating Inc140568
  • Space AvailableFor Sale
  • Square Feet16,297
  • SubletNo
  • Gross Annual Exp27000
  • Lot Size41230
  • Gross Annual Income167568
  • Condo AssociationNo
  • Assessed Value Land232500
  • Main LoC95098

Other

  • Modification Date2022-05-17T03:05:00
  • Certificate Number222820
  • Property TypeCommercial
  • Listing AlertNo
  • Year Built SourcePublic Record
  • DisclosureNo
  • DisclosuresSF includes basement below Unit 1 that will be finished. SF does not include exterior walls/common area. Roof of Units 1-6 is new 2021/2022. HVAC tenant responsibility unless stated otherwise in lease. Owner responsible for snow removal.
  • Book76262
  • Listing AgreementER w/Var.Rate Comm.
  • Ref Bldg Sf14079
  • ExchangeNo
  • Firm Rmk1Tenant of units 1-3 will be conducting extensive exterior renovations to the entire building, as well as resurfacing of parking lot, & buildout of their units, which is anticipated to be completed by September 2022. Tenant is also responsible for exterior
  • Page243
  • View Count5

Your Local Office

Foster-Healey Real Estate, Inc. (Leominster Office)

Foster-Healey Real Estate, Inc. (Leominster Office)

50 Central Street,
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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