Prime Ayer Commercial Redevelopment
For Sale
$995,000
1 Park Street, Ayer, MA 01432
Freestanding commercial property in downtown Ayer with redevelopment potential.
Property Size2,603 SF
Price / SF$196.99
Days on Market143
Property Features for 1 Park Street
General Information
Standard status
Active
Size
2,603 SF
Property subtype
Unassigned
Building Details
Building Size
2,603 SF
Listing Agency:
KW Commercial
Listed By:
Duncan Chapman · License #REB16356
(978) 840-9000
Source:
Commercialcafe
Added: May 27
Changed: Oct 11
Last Checked: Oct 16 at 5:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial
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Investment Insights
Based on property information with market context.
Located approximately 35 miles northwest of Boston in the Nashoba Valley region, this freestanding commercial property is positioned in downtown Ayer. The property benefits from downtown revitalization efforts and transit-oriented development initiatives. Previously occupied by a Santander Bank branch, the property features existing drive-thru infrastructure and is located steps from the Ayer commuter rail station along the Fitchburg Line. The site benefits from convenient access to Route 2 and Interstate 495, with a daily traffic count of over 10,000 vehicles per day. The 5,051 square foot property is suitable for a retail franchise, restaurant, office, medical practice, or financial institution. A prior restaurant conversion application had been filed with the Town and later withdrawn without prejudice. The property also presents a redevelopment opportunity for a multifamily project with 12 or more residential units, subject to approvals.
Key Highlights
- Prime downtown Ayer location, benefiting from revitalization and transit‑oriented development.
- Exceptional redevelopment potential for commercial or mixed‑use concepts, including multi‑family (12+ units, subject to approvals).
- Existing drive‑thru infrastructure from previous bank occupancy.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,597
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,451,940
$1.5M
Cap Rate 7%
$1,037,100
$1.0M
Cap Rate 9%
$806,633
$806.6K
Market Conditions
NOI Build-Up for 5,051 SF
Gross rent
$110.9K $21.96/SF
− Vacancy
−$7.2K −$1.43/SF
EGI
$103.7K $20.53/SF
− OpEx
−$31.1K −$6.16/SF
NOI
$72.6K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,451,940
Cap Rate 7%
$1,037,100
Cap Rate 9%
$806,633
Alternative Uses
Best Use
Office B
$2.29M
$2.00M – $2.67M
NOI $160,270 @ 7.0% cap · market cap 16.11%
Second Best
Retail
$1.04M
$907.5K – $1.21M
NOI $72,597 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$2.99M
$2.62M – $3.49M
NOI $209,312 @ 7.0% cap · market cap 21.04%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Explore this area
Business Placement
Demographics for 01432, MA
8,221
Population
3,770
Households
2.2
Avg Household Size
43
Median Age
41%
College-Educated
91%
High-School Grad
8.5 sq mi
ZIP Area
967
Density / Sq Mi
$105,142
Median Household Income
$66,659
Median Earnings
$1,373
Median Rent
$419,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail property - Freestanding commercial property in downtown Ayer with redevelopment potential.
Where is this retail property located?
The property is located at 1 Park Street Ayer, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Prime downtown Ayer location, benefiting from revitalization and transit‑oriented development.; Exceptional redevelopment potential for commercial or mixed‑use concepts, including multi‑family (12+ units, subject to approvals).; Existing drive‑thru infrastructure from previous bank occupancy.
