Automotive Property with Dealer
For Sale
$550,000
640 Main St, Clinton, MA 01510
Updated commercial building with dedicated vehicle display and parking area.
Property Size1,965 SF
Days on Market55
Property Features for 640 Main St
General Information
Standard status
Active
Size
1,965 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Building Size
1,965 SF
Year Built
1965
Buildings
1
Listing Agency:
Pablo Maia Realty
(508) 875-0102
Listed By:
Rodrigo Azevedo · License #9584202
(508) 320-6053
Source:
Iverty
Added: Aug 21
Changed: Oct 13
Last Checked: Oct 12 at 7:33PM
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 Pablo Maia Realty
Investment Insights
Based on property information with market context.
This automotive property at 640 Main St in Clinton, Massachusetts, includes an updated commercial building and a dealer license. The license transfers with the sale, supporting continued dealership operations.
A dedicated parking area provides space for vehicle display and inventory accommodation. The property is positioned in a downtown setting, and the building dates to 1965.
A dedicated parking area provides space for vehicle display and inventory accommodation. The property is positioned in a downtown setting, and the building dates to 1965.
Key Highlights
- Dealer license included with the sale
- Updated commercial building at 640 Main St
- Dedicated parking area for vehicle display and inventory
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,057
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,140
$581.1K
Cap Rate 7%
$415,100
$415.1K
Cap Rate 9%
$322,856
$322.9K
Market Conditions
NOI Build-Up for 1,965 SF
Gross rent
$42.4K $21.60/SF
− Vacancy
−$934 −$0.48/SF
EGI
$41.5K $21.12/SF
− OpEx
−$12.5K −$6.34/SF
NOI
$29.1K $14.79/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,140
Cap Rate 7%
$415,100
Cap Rate 9%
$322,856
Alternative Uses
Best Use
Retail
$415.1K
$363.2K – $484.3K
NOI $29,057 @ 7.0% cap · market cap 5.28%
Second Best
Industrial
$256.3K
$224.2K – $299.0K
NOI $17,938 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$671.0K
$587.1K – $782.9K
NOI $46,971 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
736
Businesses Nearby
50k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Dining 25%
Shops & Services 24%
Home Improvements & Furnishings 9%
Hannaford
Groceries
20,686 visits/mo
0.3 miles
Dunkin' Donuts
Dining
11,155 visits/mo
0.2 miles
Aubuchon Hardware
Home Improvements & Furnishings
4,362 visits/mo
0.3 miles
Sunoco
Shops & Services
3,959 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
3,190 visits/mo
0.3 miles
Demographics for 01510, MA
15,428
Population
7,017
Households
2.2
Avg Household Size
39
Median Age
35%
College-Educated
91%
High-School Grad
5.7 sq mi
ZIP Area
2,707
Density / Sq Mi
$93,849
Median Household Income
$49,815
Median Earnings
$1,353
Median Rent
$348,000
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
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Frequently Asked Questions
What type of property is this?
Automotive property - Updated commercial building with dedicated vehicle display and parking area.
Where is this automotive property located?
The property is located at 640 Main St Clinton, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Dealer license included with the sale; Updated commercial building at 640 Main St; Dedicated parking area for vehicle display and inventory
