Retail Development Parcel at Signalized
438 Center Street Ludlow, MA 01056
438 Center Street, Ludlow, MA, 01056
$750,000
For Sale
$750,000
Parcel includes an existing mixed-use residential/commercial building at a signalized intersection with major highway exposure.
Property Size3,146 SF
Lot Size0.34 Acres
Price / SF$238.40
Days on Market173
Property Features for 438 Center Street
General Information
- Standard status
- Active
- Size
- 3,146 SF
- Lot size
- 0.34 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1945
Listing agency
Coldwell Banker Realty - Boston
(978) 578-5013
Listed by
Chris Bernier
(978) 578-5013
Source
Churchillprop
Added: Jan 29 Updated: Jul 21 at 5:15AM Checked: Jul 21 at 5:15AM
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 Coldwell Banker Realty - Boston
Investment Insights
Based on property information with market context.
The property at 438 Center Street, Ludlow, MA 01056 consists of an approximately 14,806± square foot parcel that includes an existing mixed-use residential/commercial building totaling 3,146± square feet. The site is positioned for redevelopment or investment, with frontage directly alongside I-90.
According to the public remarks, the parcel is located just minutes from the Ludlow exit and sits at a busy, signalized intersection. It is described as being across from the Big Y Supermarket plaza and Burger King, with nearby national retailers including McDonald’s, Starbucks, Dunkin’, Wendy’s, and KFC, as well as additional retailers, banks, and gas stations.
For buyers seeking a high-exposure commercial site with an existing structure in place, this parcel offers immediate access to a major corridor and established retail-area adjacency as described in the materials.
According to the public remarks, the parcel is located just minutes from the Ludlow exit and sits at a busy, signalized intersection. It is described as being across from the Big Y Supermarket plaza and Burger King, with nearby national retailers including McDonald’s, Starbucks, Dunkin’, Wendy’s, and KFC, as well as additional retailers, banks, and gas stations.
For buyers seeking a high-exposure commercial site with an existing structure in place, this parcel offers immediate access to a major corridor and established retail-area adjacency as described in the materials.
Key Highlights
- Approximately 14,806± SF parcel on a premier commercial corridor with direct I‑90 frontage
- Existing mixed‑use residential/commercial building totals 3,146± SF
- Site is at a busy, signalized intersection with major highway exposure near the Ludlow exit
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 | $75.5k | $24.00 |
| − Vacancy | −$1.7k | −$0.53 |
| EGI | $73.8k | $23.47 |
| − OpEx | −$22.2k | −$7.04 |
| NOI | $51.7k | $16.43 |
3,146 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$738.4K
$646.1K – $861.5K
NOI $51,690 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,726 @ 7.0% cap · market cap 18.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Parcel includes an existing mixed-use residential/commercial building at a signalized intersection with major highway exposure.
Where is this commercial land located?
The property is located at 438 Center Street Ludlow, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 14,806± SF parcel on a premier commercial corridor with direct I‑90 frontage; Existing mixed‑use residential/commercial building totals 3,146± SF; Site is at a busy, signalized intersection with major highway exposure near the Ludlow exit
