Listing Agency: Kentwood Capital

Listed By: Ed Breslin · License #FL 3523905

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 5:09PM

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Investment Insights

Based on property information with market context.

This retail space is identified as Bank of America and contains 2,828 SF. The property is located at 2 Summer Street in Chelmsford, Massachusetts, within ZIP code 01824.

The offering reflects a 5.25% capitalization rate and is presented for sale.

Key Highlights

• 2,828 SF retail space
• 5.25% CAP
• 2 Summer Street, Chelmsford, MA 01824

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Big Box & Wholesale Store Auto Repair Shop Building Supply HVAC Service Parking Lot & Garage Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

994

Businesses Nearby

Explore this area Business Placement

Demographics for 01824, MA

26,881

Population

10,301

Households

2.6

Avg Household Size

44

Median Age

57%

College-Educated

96%

High-School Grad

18.1 sq mi

ZIP Area

1,485

Density / Sq Mi

$141,337

Median Household Income

$75,753

Median Earnings

$2,076

Median Rent

$590,900

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Retail property identified with the Bank of America name in Chelmsford.

Where is this retail space located?

The property is located at 2 Summer Street Chelmsford, MA.

What are key features of this property?

This property features: 2,828 SF retail space; 5.25% CAP; 2 Summer Street, Chelmsford, MA 01824