Commercial Building in Prime
For Sale
Contact for pricing
675 Main St, Clinton, MA 01510
Commercial building suitable for various business ventures in bustling Clinton.
Property Size2,178 SF
Price / SF$550.51
Days on Market987
Property Features for 675 Main St
General Information
Standard status
Active
Size
2,178 SF
Total Parking Spaces
80
Property subtype
Retail, Industrial
Zoning
Comm
Building Details
Year Built
1987
Stories
1
Units
1
Listing Agency:
RE/MAX JOURNEY
Listed By:
John Hogan · License #MA
(978) 807-9892
Source:
Crexi
Added: Feb 6, 2024
Changed: Oct 11
Last Checked: Oct 19 at 7:13AM
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 RE/MAX JOURNEY
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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 commercial building, previously occupied by Burger King and D'angelo's Sandwich Shop, is situated in a prime location across from Walgreen's, in the busiest traffic block of Clinton. The property, with a size of 2178 square feet, offers an opportunity for various types of business ventures. The building benefits from two exits, facilitating smooth and efficient traffic flow.
Key Highlights
- Prime location in the heart of Clinton's busiest traffic block.
- High‑visibility location across from Walgreen's.
- Suitable for most types of business ventures.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,507
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,140
$690.1K
Cap Rate 7%
$492,957
$493.0K
Cap Rate 9%
$383,411
$383.4K
Market Conditions
NOI Build-Up for 2,178 SF
Gross rent
$47.0K $21.60/SF
− Vacancy
−$1.0K −$0.48/SF
EGI
$46.0K $21.12/SF
− OpEx
−$11.5K −$5.28/SF
NOI
$34.5K $15.84/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,140
Cap Rate 7%
$492,957
Cap Rate 9%
$383,411
Alternative Uses
Best Use
Specialty Retail
$493.0K
$431.3K – $575.1K
NOI $34,507 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$743.8K
$650.8K – $867.7K
NOI $52,063 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
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
0.2 miles
Dunkin' Donuts
Dining
11,155 visits/mo
0.4 miles
Aubuchon Hardware
Home Improvements & Furnishings
4,362 visits/mo
0.4 miles
Sunoco
Shops & Services
3,959 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
3,190 visits/mo
0.2 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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial building suitable for various business ventures in bustling Clinton.
Where is this conventional restaurant located?
The property is located at 675 Main St Clinton, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Prime location in the heart of Clinton's busiest traffic block.; High‑visibility location across from Walgreen's.; Suitable for most types of business ventures.
