Prime Ayer Commercial Redevelopment
1 PARK ST Ayer, MA 01432
1 PARK ST, Ayer, MA, 01432
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For Sale
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Freestanding commercial property in downtown Ayer with redevelopment potential.
Property Size5,051 SF
Price / SF$247.48
Days on Market58
Property Features for 1 PARK ST
General Information
- Standard status
- Active
- Size
- 5,051 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1952
Listing Agency
KW Commerical North Central
(978) 840-9000
Listed by
Duncan Chapman · License #RI REB 16356
Source
Crexi
Added: May 21 Checked: Jul 16 at 10:35 am
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 Commerical North Central
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 A prior restaurant conversion application had been filed with the Town and later withdrawn without prejudice.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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.9k | $21.96 |
| − Vacancy | −$7.2k | −$1.43 |
| EGI | $103.7k | $20.53 |
| − OpEx | −$31.1k | −$6.16 |
| NOI | $72.6k | $14.37 |
5,051 SF · lease $21.96/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.04M
$907.5K – $1.21M
NOI $72,597 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.99M
$2.62M – $3.49M
NOI $209,312 @ 7.0% cap · market cap 16.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Santander Bank ATM
Atm
Similar For Sale Nearby
FAQs
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 ST Ayer, MA.
What is the asking price?
The asking price for this property is $1,250,000.
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.
