Leased Investment Opportunity in
990 S Main St. Athol, MA 01331
990 S Main St., Athol, MA, 01331
$1,350,000
For Sale
$1,350,000
Leased residential and commercial units with parking in Athol.
Property Size6,800 SF
Price / SF$198.53
Days on Market91
Property Features for 990 S Main St.
General Information
- Standard status
- Active
- Size
- 6,800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing agency
eXp Realty LLC
(978) 270-0365
Listed by
Frank Bertolino · License #9510258
(978) 270-0365
Source
Alliancepartnersre
Added: Apr 23 Updated: Jul 10 at 3:56PM Checked: Jul 21 at 9:11AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This property presents a prime investment opportunity, featuring two leased, deleaded residential units. Each unit includes two parking spaces, providing a total of four parking spaces. Additionally, the property includes a leased auto dealer/detail shop and a leased auto repair garage. The auto dealer is permitted for 80 cars. The property is located in Athol, MA.
Key Highlights
- Prime Investment Opportunity with Multiple Leased Units
- Auto Dealer Permitted for 80 Cars
- Two Leased Residential Units (Deleaded)
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 | $146.9k | $21.60 |
| − Vacancy | −$3.2k | −$0.48 |
| EGI | $143.6k | $21.12 |
| − OpEx | −$43.1k | −$6.34 |
| NOI | $100.6k | $14.79 |
6,800 SF · lease $21.60/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,554 @ 7.0% cap · market cap 7.45%
Second Best
Industrial
$886.8K
$775.9K – $1.03M
NOI $62,075 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,547 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- SpeeDee Oil Change & Auto Service — 1587 S Main St, Athol, MA 01331
- Flint's Garage — 990 S Main St, Athol, MA 01331
- Advanced Auto Parts — 63 main st, athol, ma 01331
- Dale's Auto Body & Towing — 25 Bickford Dr, Athol, MA 01331
- Original Tire Co — 443 S Athol Rd, Athol, MA 01331
FAQs
What type of property is this?
Auto shop - Leased residential and commercial units with parking in Athol.
Where is this auto shop located?
The property is located at 990 S Main St. Athol, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime Investment Opportunity with Multiple Leased Units; Auto Dealer Permitted for 80 Cars; Two Leased Residential Units (Deleaded)
