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    1298 Water St Fitchburg, MA 01420

    Sponsored
    For Sale
    $1,800,000

    Thriving Business & Real Estate

    Property size:
    3,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully operational auto repair shop and prime real estate in Fitchburg, Massachusetts. Located at 1298 Water St, this 3,240 square foot facility sits on a 0.24-acre lot (APN 154-52-0) and boasts a convenient location near major highways. Built in 1930, the single-story building is zoned NB, offering flexibility for continued operation or potential redevelopment. The property includes a fully equipped repair garage and a Massachusetts state inspection bay, ensuring a seamless transition for a new owner. The business has a strong track record, generating $1.2 million in sales in 2023. The asking price of $1,800,000 includes both the business and the real estate, representing a compelling price per square foot of $555.56 and a price per unit of $1,800,000. This established business enjoys a "By-Right" zoning designation, minimizing potential regulatory hurdles. This turnkey operation offers immediate income potential and significant long-term growth prospects within a thriving community. Financial information for the last two years is available upon request, subject to a non-disclosure agreement. This is a rare chance to acquire a successful business and valuable real estate in a desirable location. The property's strategic positioning and established reputation make it an ideal investment for both seasoned entrepreneurs and astute real estate investors.

    Property Features for 1298 Water St

    General Information

    Property type
    Flex space
    Square Feet
    3,240 SF
    Lot Size
    10,454 SF

    Building Details

    Year Built
    1930
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Fully operational auto repair shop in Fitchburg, MA, generating $1.2M in 2023 sales.
    • 3,240 sq ft building on a 0.24‑acre lot (APN 154‑52‑0), located near major highways.
    • $1,800,000 asking price includes both business and real estate; $555.56/sq ft.
    • NB zoning allows for continued operation or redevelopment; "By‑Right" designation.
    • Includes a fully equipped repair garage and state inspection bay.
    Property Profile Location Intelligence

    Current Use by Public Records

    A&P Auto Inc Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fitchburg
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7761134
    Latitude
    42.5600851

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    FAQs

    What type of property is this?
    Flex space - Thriving Business & Real Estate
    Where is this flex space located?
    The property is located at 1298 Water St Fitchburg, MA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Fully operational auto repair shop in Fitchburg, MA, generating $1.2M in 2023 sales.; 3,240 sq ft building on a 0.24-acre lot (APN 154-52-0), located near major highways.; $1,800,000 asking price includes both business and real estate; $555.56/sq ft.
    Request Owner's contact information
    1298 Water St Fitchburg, MA 01420
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    Fitchburg, MA 01420
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1298 Water St Fitchburg, MA 01420
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