Commercial Property on Busy
1255 Bridge Street Dracut Dracut, MA 01826
1255 Bridge Street Dracut, Dracut, MA, 01826
$1,200,000
For Sale
$1,200,000
B3 Zoned commercial property on a high traffic road.
Property Size1,828 SF
Price / SF$656.46
Days on Market68
Property Features for 1255 Bridge Street Dracut
General Information
- Standard status
- Active
- Size
- 1,828 SF
Building Details
- Year Built
- 1972
Listing agency
(508) 501-1443
Listed by
Alyson Roslonek
(508) 501-1443
Source
Milestonerealtyinc
Added: May 15 Updated: Jul 10 at 1:42PM Checked: Jul 21 at 3:38AM
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 Alyson Roslonek
Investment Insights
Based on property information with market context.
This commercial property is located on the Dracut/Lowell line on Route 38. Previously a TD Bank, the property is zoned B3 and situated in a high-traffic area with access to public transportation. The building includes approximately 700 square feet of additional space in the lower level, which features a kitchen area, office/storage space, a men's room, and a ladies' room. Nearby businesses include Market Basket Plaza, McDonald's, Burger King, Walgreens, Advanced Auto Parts, and Discount Auto Parts. The property has 1828 square feet.
Key Highlights
- Prime location on busy Route 38, on the Dracut/Lowell line.
- B3 Zoned commercial property.
- High traffic area with public transportation access.
Local Financial Insights For Specialty 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 | $49.4k | $27.00 |
| − Vacancy | −$3.7k | −$2.03 |
| EGI | $45.7k | $24.98 |
| − OpEx | −$11.4k | −$6.24 |
| NOI | $34.2k | $18.73 |
1,828 SF · lease $27.00/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$489.2K
$428.0K – $570.7K
NOI $34,241 @ 7.0% cap · market cap 2.85%
Second Best
Retail
$375.3K
$328.4K – $437.9K
NOI $26,274 @ 7.0% cap · market cap 2.19%
Theoretical Best
Office A
$1.08M
$946.9K – $1.26M
NOI $75,752 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - B3 Zoned commercial property on a high traffic road.
Where is this bank located?
The property is located at 1255 Bridge Street Dracut Dracut, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime location on busy Route 38, on the Dracut/Lowell line.; B3 Zoned commercial property.; High traffic area with public transportation access.
