2040 Providence Road, Northbridge, MA 01534
Commercial property suitable for retail, auto, storage, and cannabis.
- Added:
- Feb 16, 2023
- Days on Market:
- 1238
- Last Refresh:
- Jun 29 at 10:10 pm
Property Features for 2040 Providence Road
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 25.86 Acres
- Property subtype
- BO, IND, SCR-AUTO
Building Details
- Year Built
- 1945
Listing office KW Commercial | Northeast Solutions (978) 621-1290
Listing date Feb 16, 2023
Source Realnex
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All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial | Northeast Solutions
HighLights
- Large 25.15‑acre parcel with 3‑4+ acres buildable on Providence Rd.
- Located in B‑2 (business zone) allowing for multiple 'By‑Right' uses.
- Permitted uses include cannabis retail, auto sales, auto repair, and self‑storage.
- Includes an existing rented 5,000 SF automotive repair garage on 0.71 acres.
- Located on Rt 122.
- Two parcels included in the sale.
Overview
Local 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 | $108.0k | $21.60 |
| − Vacancy | −$2.4k | −$0.48 |
| EGI | $105.6k | $21.12 |
| − OpEx | −$31.7k | −$6.34 |
| NOI | $73.9k | $14.79 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Federated Car Care — 1734 Providence Rd, Northbridge, MA 01534
- Shine's Foreign Car Care — Mobile, Northbridge, MA 01534
- Kearns Collision Repair — 1734 Providence Rd, Northbridge, MA 01534
- Lindblad Chassis & Automotive — 2194 Providence Rd, Northbridge, MA 01534
- Main Street Auto — 2000 Providence Rd, Northbridge, MA 01534
Location Insight
- Map
- Local Demand
- City
- Northbridge
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.6467419
- Latitude
- 42.1479944
