Retail Strip Center with 4
123 S Main St Athol Athol, MA 01331
For Sale
$1,199,000
Multi-storefront retail strip offers street visibility, parking, and flexible space for service, food, convenience, or professional use.
Property Size7,074 SF
Lot Size0.57 Acres
Price / SF$169.49
Days on Market48
Property Features for 123 S Main St Athol
General Information
- Standard status
- Active
- Size
- 7,074 SF
- Lot size
- 0.57 Acres
Building Details
- Year Built
- 1986
Listing Agency:
(508) 643-8166
Listed By:
Amanda Lucido Hodges
(508) 643-8166
Source:
Bournetosellrealestate
Added: Jun 9
Changed: Jul 10
Last Checked: Jul 26 at 3:20AM
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 Amanda Lucido Hodges
Investment Insights
Based on property information with market context.
This retail property is a 7,000+ SF strip center featuring four commercial storefronts within a single, cohesive configuration. Set on 0.57 acres, the building is designed to support multiple ground-floor retail users, with layouts described as flexible for service retail, food concepts, convenience, or professional uses. Ample parking and a storefront-oriented setup make it straightforward for customers to access and navigate the individual spaces.
The property is located at 123 S Main Street in Athol, Massachusetts, along a Main Street retail corridor. Public remarks note strong street visibility and walkable access from surrounding residential neighborhoods, with convenient access to Route 2, the region’s primary east-west highway. The center is positioned to serve customers and employees traveling in from Athol, Orange, Gardner, and the greater North Central Massachusetts area.
For tenants, this configuration can work well for operators who want storefront identity and the ability to tailor their space within a multi-tenant retail setting. For buyers, the asset offers an owner-user option alongside the potential to market to multiple retail formats across four storefronts, supported by practical site amenities like parking and prominent curb presence.
The property is located at 123 S Main Street in Athol, Massachusetts, along a Main Street retail corridor. Public remarks note strong street visibility and walkable access from surrounding residential neighborhoods, with convenient access to Route 2, the region’s primary east-west highway. The center is positioned to serve customers and employees traveling in from Athol, Orange, Gardner, and the greater North Central Massachusetts area.
For tenants, this configuration can work well for operators who want storefront identity and the ability to tailor their space within a multi-tenant retail setting. For buyers, the asset offers an owner-user option alongside the potential to market to multiple retail formats across four storefronts, supported by practical site amenities like parking and prominent curb presence.
Key Highlights
- 7,000+ SF retail property built in 1986 at 123 S Main Street in Athol, MA
- 4 commercial storefronts within a strip center on 0.57 acres
- Flexible layouts suited for service retail, food concepts, convenience, or professional uses
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 | $152.8k | $21.60 |
| − Vacancy | −$3.4k | −$0.48 |
| EGI | $149.4k | $21.12 |
| − OpEx | −$44.8k | −$6.34 |
| NOI | $104.6k | $14.79 |
7,074 SF · lease $21.60/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.49M
$1.31M – $1.74M
NOI $104,606 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,097 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
FAQs
What type of property is this?
Strip mall - Multi-storefront retail strip offers street visibility, parking, and flexible space for service, food, convenience, or professional use.
Where is this strip mall located?
The property is located at 123 S Main St Athol Athol, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 7,000+ SF retail property built in 1986 at 123 S Main Street in Athol, MA; 4 commercial storefronts within a strip center on 0.57 acres; Flexible layouts suited for service retail, food concepts, convenience, or professional uses
