Remodeled Restaurant-Bar with
For Sale
$849,900
2254 Main Street, Tewksbury, MA 01876
Freestanding restaurant and bar building remodeled in 2024 with natural gas heat, AC, and abundant parking.
Property Size3,260 SF
Days on Market111
Property Features for 2254 Main Street
General Information
Standard status
Active
Size
3,260 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$10,523
Building Details
Building Size
3,260 SF
Year Built
1948
Year Renovated
2024
Tenancy
Single
Listing Agency:
Berkshire Hathaway HomeServices Commonwealth Real Estate
Listed By:
Judy Mason
(617) 710-5597
Source:
Classifiedrealtygroup
Added: Jul 7
Changed: Oct 24
Last Checked: Oct 24 at 2:10PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding restaurant/bar building was remodeled in 2024 and includes all-new natural gas heating and air conditioning, along with additional improvements. The property also features a large unfinished basement that could be finished to create additional space and support expanded operating needs.
The building is located near the Wilmington line and benefits from strong on-site visibility. Tenant and guest parking is a notable asset, with lots of parking available for customer access and day-to-day operations.
For investors, the property is currently occupied by an existing restaurant/bar tenant under a 5-year triple net lease. The lease is in place with rent of $4,100 per month, providing an opportunity to acquire a stabilized asset with ongoing operations. For operators or buyers evaluating future flexibility, the combination of updated mechanicals and a substantial unfinished basement offers practical options for use beyond the current footprint.
The building is located near the Wilmington line and benefits from strong on-site visibility. Tenant and guest parking is a notable asset, with lots of parking available for customer access and day-to-day operations.
For investors, the property is currently occupied by an existing restaurant/bar tenant under a 5-year triple net lease. The lease is in place with rent of $4,100 per month, providing an opportunity to acquire a stabilized asset with ongoing operations. For operators or buyers evaluating future flexibility, the combination of updated mechanicals and a substantial unfinished basement offers practical options for use beyond the current footprint.
Key Highlights
- Freestanding restaurant/bar building remodeled in 2024
- Year built 1948; all‑new natural gas heating and AC installed in 2024
- Existing tenant with a 5‑year triple net lease paying $4,100 per month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,064
Cap Rate
7.18%
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 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,094 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
13k
Monthly Visits Nearby
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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
NNN property - Freestanding restaurant and bar building remodeled in 2024 with natural gas heat, AC, and abundant parking.
Where is this nnn property located?
The property is located at 2254 Main Street Tewksbury, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Freestanding restaurant/bar building remodeled in 2024; Year built 1948; all‑new natural gas heating and AC installed in 2024; Existing tenant with a 5‑year triple net lease paying $4,100 per month
