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    616 Main St Tewksbury, MA 01876

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    For Lease
    $16 SF/Yr ($2,666 /Mo)

    Retail suites available in Tewksbury, great visibility on Main

    Property size:
    2,000 SF
    Lot size:
    1.12 Acres

    Property Features for 616 Main St

    General Information

    Size
    2,000 SF
    Lot size
    1.12 Acres

    Source: Moore Real Estate Agent Derek Cotoni

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space on Main Street

    This retail property features a 5-unit shopping center totaling 9,384 square feet, situated on 1.12 acres of land. Two suites are available for lease, each offering 2,000 square feet of space. The property benefits from high visibility on Main Street/Route 38 and is surrounded by local amenities, including banks, gyms, and various retailers.
    Insight Report Location Intelligence

    Current Use by Public Records

    NDB Fitness LLC Physical Fitness Program Jimbo's Roastbeef and Seafood Sandwich Shop JOC Boxing Boxing Gym

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tewksbury
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2493442
    Latitude
    42.6181737

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    FAQs

    What type of property is this?
    Shopping center - Retail suites available in Tewksbury, great visibility on Main
    Where is this shopping center located?
    The property is located at 616 Main St Tewksbury, MA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - 5-unit retail shopping center.; - High visibility on Main Street/Rte. 38.; - Totaling 9,384+/- SF on 1.12+/- acres.
    (978) 955-0624
    Request Owner's contact information
    616 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
    616 Main St Tewksbury, MA 01876
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