Mixed-Use Building Near Downtown
For Sale
Contact for pricing
11 Linden Street, Reading, MA 01867
Commercial and mixed-use building near downtown Reading with development potential.
Property Size5,210 SF
Price / SF$220.54
Days on Market219
Property Features for 11 Linden Street
General Information
Standard status
Active
Size
5,210 SF
Property subtype
Special Purpose
Zoning
BUS-B
Listing Agency:
Century 21 North East Spencer
Listed By:
Craig Celli · License #9951
(781) 438-1230
Source:
Crexi
Added: Feb 28
Changed: Aug 8
Last Checked: Oct 4 at 6:34AM
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 Century 21 North East Spencer
Investment Insights
Based on property information with market context.
This commercial and mixed-use zoned building is located steps away from Downtown Reading, offering an opportunity to be part of the bustling business area just off Haven Street, which includes new developments and restaurants. Currently operating as a funeral home, potential uses include dentists, contractors, investors, lawyers, chiropractors, studios, and galleries. The property features a classy walk-up entry, an elevator, and an open floor plan. Additional amenities include a private office, kitchenette, dining room area, multiple bathrooms and kitchens, and a garage. A three-season sitting porch area leads to a backyard. The property also includes a second-floor apartment with three bedrooms, a kitchen, a full bath, and a living room. The apartment could also serve as office space for the main level. The building has a total size of 5210 square feet.
Key Highlights
- Commercial and Mixed Use zoning in a high‑growth area near Downtown Reading.
- Versatile building suitable for various businesses like Dentists, Contractors, Lawyers, etc.
- The 2nd‑floor apartment features 3 bedrooms, kitchen, bath, and living room, and can be used as office space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,661
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,073,220
$2.1M
Cap Rate 7%
$1,480,871
$1.5M
Cap Rate 9%
$1,151,789
$1.2M
Market Conditions
NOI Build-Up for 5,210 SF
Gross rent
$198.8K $38.16/SF
− Vacancy
−$10.3K −$1.98/SF
EGI
$188.5K $36.18/SF
− OpEx
−$84.8K −$16.28/SF
NOI
$103.7K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,073,220
Cap Rate 7%
$1,480,871
Cap Rate 9%
$1,151,789
Alternative Uses
Best Use
Office B
$2.36M
$2.07M – $2.76M
NOI $165,315 @ 7.0% cap · market cap 14.39%
Second Best
Apartment 5plus
$1.48M
$1.30M – $1.73M
NOI $103,661 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$3.08M
$2.70M – $3.60M
NOI $215,901 @ 7.0% cap · market cap 18.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
Explore this area
Business Placement
Demographics for 01867, MA
25,522
Population
9,895
Households
2.6
Avg Household Size
43
Median Age
65%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
2,552
Density / Sq Mi
$163,407
Median Household Income
$85,600
Median Earnings
$1,722
Median Rent
$741,100
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and mixed-use building near downtown Reading with development potential.
Where is this mixed-use property located?
The property is located at 11 Linden Street Reading, MA.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Commercial and Mixed Use zoning in a high‑growth area near Downtown Reading.; Versatile building suitable for various businesses like Dentists, Contractors, Lawyers, etc.; The 2nd‑floor apartment features 3 bedrooms, kitchen, bath, and living room, and can be used as office space.
