Description
15.14% CAP RATE! A++ LOCATION! ONCE IN A DECADE OPPORTUNITY TO OWN DRACUT TIRE BUSINESS, LAND & 2 BUILDINGS! ESTABLISHED 58-YEAR-OLD COMPANY. THREE CONTIGUOUS LOTS (38,200 SQFT in TOTAL AREA) consisting of an Automotive repair shop (Dracut Tire), 2 Family Building, and a vacant lot zoned commercial/developable land. MULTIPLE REVENUE STREAMS and potential to rent out the 2 Family Building. Dracut Tire provides: State inspections, Auto Repair, Tire Sales, and is licensed for a used car lot for up to 25 cars. 21E-- Environmental Phase 1 & 2 completed in February of 2022 by Williamson Environmental LLC. The 3 Contiguous lots are: 1265 Lakeview Avenue, 1269 Lakeview Avenue and 51 Cass Avenue in Dracut, MA 01826. Buyer to conduct own due diligence. Projected 2022 NOI is $315,000.00 which would be a projected cap rate of 15.79%.
Location
Similar Listings
MLS# 73017310
$3,700,000
Listing Agent: Linda Houllahan
Courtesy of: Jacob Realty, LLC
MLS# 72996747
$3,360,000
Listing Agent: Melissa Davis
Courtesy of: Coldwell Banker Realty - Natick
MLS# 72955705
$3,200,000
Listing Agent: Henry Matos
Courtesy of: Coco, Early & Associates
MLS# 72940621
$2,900,000
7 Beds
8 Baths
Listing Agent: Sheila MacDonald
Courtesy of: J. Barrett & Company
MLS# 73003239
$2,695,000
15 Beds
15 Baths
Listing Agent: Joseph DiGangi
Courtesy of: Urban Core Development
MLS# 73007286
$2,600,000
Listing Agent: Sherre Weza
Courtesy of: COM-PRO Real Estate Services, Inc
MLS# 73004478
$2,500,000
Listing Agent: Bret O'Brien
Courtesy of: Greater Boston Commercial Properties, Inc.
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Listing Agent: Frank Celeste Agent phone: 617-872-3227 Courtesy of: Gibson Sotheby's International Realty Office phone: 617-242-4222 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, landlords 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, leasing or renting 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, leasing or renting. 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.
Privacy Policy Notice: All information collected voluntarily from you will be used to personalize your experience, improve our website and improve our customer service. This information will not be shared with any other third persons or entities. Updated: 17th August, 2022 2:16 AM (UTC)
