Remodeled Restaurant/Bar with
2254 Main Street, Tewksbury, MA 01876
For Sale
$949,900
Remodeled restaurant/bar with existing tenant and parking.
Property Size3,260 SF
Price / SF$291.38
Days on Market850
Property Features for 2254 Main Street
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Commonwealth Real Estate
Listed By:
Judy Mason
(617) 710-5597
Source:
Stevebremis
Added: Jul 18, 2024
Changed: Aug 9
Last Checked: Aug 12 at 4:39AM
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 Berkshire Hathaway HomeServices Commonwealth Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a free-standing building that was remodeled in 2024 with new natural gas heating and AC. The property is located near the Wilmington Line and offers high visibility. The building features a large, unfinished basement that could be finished for additional space and use. The existing business is a restaurant/bar. There is an existing tenant with a 5-year Triple Net Lease, paying $4,100 per month. The property has a lot of parking. The property size is 3260 square feet.
Key Highlights
- Existing tenant with a 5‑year Triple Net Lease generating $4,100 monthly income.
- Remodeled in 2024 with new natural gas heating and AC.
- Great location near the Wilmington line with lots of visibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,064
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,280
$1.2M
Cap Rate 7%
$872,343
$872.3K
Cap Rate 9%
$678,489
$678.5K
Market Conditions
NOI Build-Up for 3,260 SF
Gross rent
$88.0K $27.00/SF
− Vacancy
−$6.6K −$2.03/SF
EGI
$81.4K $24.98/SF
− OpEx
−$20.4K −$6.24/SF
NOI
$61.1K $18.73/SF
Area
Middlesex County, MA
Vacancy
7.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,280
Cap Rate 7%
$872,343
Cap Rate 9%
$678,489
Alternative Uses
Best Use
Specialty Retail
$872.3K
$763.3K – $1.02M
NOI $61,064 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,094 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
6,657 visits/mo
0.1 miles
TD Bank
Shops & Services
5,210 visits/mo
0.3 miles
H&R Block
Shops & Services
882 visits/mo
0.1 miles
Demographics for 01876, MA
31,105
Population
12,212
Households
2.5
Avg Household Size
46
Median Age
41%
College-Educated
93%
High-School Grad
20.8 sq mi
ZIP Area
1,495
Density / Sq Mi
$126,795
Median Household Income
$65,008
Median Earnings
$2,248
Median Rent
$546,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Bar & Pub - Remodeled restaurant/bar with existing tenant and parking.
Where is this bar & pub located?
The property is located at 2254 Main Street Tewksbury, MA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Existing tenant with a 5‑year Triple Net Lease generating $4,100 monthly income.; Remodeled in 2024 with new natural gas heating and AC.; Great location near the Wilmington line with lots of visibility.
