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    480 Water St Fitchburg, MA 01420

    Sponsored
    For Sale
    $1,090,000

    High-traffic Route 12 retail space with ample parking.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 480 Water Street in Fitchburg, MA, presents a unique investment opportunity. Situated on 1.59 acres of land along bustling Route 12, this property boasts unparalleled visibility and accessibility. The existing structure, known for its successful retail and wholesale operations, benefits from high traffic volume, ensuring consistent customer exposure. Ample parking, exceeding 35 spaces, provides exceptional convenience for patrons. Its strategic location on a bus route and near the popular Rail Trail attracts a diverse customer base, including commuters and outdoor enthusiasts. The property's unique features extend beyond the main building

    Property Features for 480 Water St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    69,260 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Fitchburg discount store Household Goods Wholesaler Fitchburg Discount Discount Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.78889
    Latitude
    42.57369

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic Route 12 retail space with ample parking.
    Where is this commercial real estate located?
    The property is located at 480 Water St Fitchburg, MA.
    What is the asking price?
    The asking price for this property is $1,090,000.
    (617) 969-9000
    Request Owner's contact information
    480 Water St Fitchburg, MA 01420
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    Fitchburg, MA 01420
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    480 Water St Fitchburg, MA 01420
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