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    2254 Main St Tewksbury, MA 01876

    Sponsored
    For Sale
    $999,999

    High-Visibility Restaurant, Great Lease!

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional free-standing commercial property, located at 2254 Main Street in Tewksbury, MA, presents a compelling investment opportunity. The building, completely remodeled in 2024, boasts a prime location near the Wilmington line, ensuring high visibility and accessibility. The 0.52-acre lot provides ample parking for patrons and employees. The building itself features all-new natural gas heating and air conditioning systems, reflecting recent upgrades and modern efficiency. Currently occupied by a restaurant operating under a five-year Triple Net Lease, generating a consistent monthly income of $4,100, this property offers immediate cash flow. The existing tenant provides a stable and reliable income stream for investors. Beyond the main level, a large unfinished basement offers significant potential for expansion and added value. This space could be finished to increase square footage and create additional usable area, catering to a variety of potential uses. The combination of a strong lease, modern amenities, and high-visibility location makes this a rare find in the Tewksbury market. This property is priced at $999,999 and represents a solid investment opportunity for discerning buyers seeking a stable income stream with significant upside potential. The property's location and existing tenant ensure a low-risk, high-reward investment.

    Property Features for 2254 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    22,651 SF

    Building Details

    Year Built
    1948
    Location Intelligence

    Current Use by Public Records

    The Pull-Up Latin American Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tewksbury
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.19513
    Latitude
    42.58194

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - High-Visibility Restaurant, Great Lease!
    Where is this commercial real estate located?
    The property is located at 2254 Main St Tewksbury, MA.
    What is the asking price?
    The asking price for this property is $999,999.
    (781) 942-2199
    Request Owner's contact information
    2254 Main St Tewksbury, MA 01876
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    Tewksbury, MA 01876
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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
    2254 Main St Tewksbury, MA 01876
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