Leased Auto Service and Residential
990 S Main St. Athol Athol, MA 01331
990 S Main St. Athol, Athol, MA, 01331
$1,350,000
For Sale
$1,350,000
Leased two residential units and an auto dealer/detail with 80-car permitted capacity, plus dedicated parking for residents.
Property Size6,800 SF
Price / SF$198.53
Days on Market47
Property Features for 990 S Main St. Athol
General Information
- Standard status
- Active
- Size
- 6,800 SF
Building Details
- Year Built
- 1930
Listing Agency
(508) 501-1443
Listed by
Jayson LaPlante
(508) 501-1443
Source
Milestonerealtyinc
Added: Jun 4 Updated: Jul 10 at 3:59 pm Checked: Jul 20 at 1:48 am
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 Jayson LaPlante
Investment Insights
Based on property information with market context.
This property combines leased residential and automotive uses under one ownership. There are two leased, deleaded residential units, with two parking spaces allocated per unit for a total of four parking spaces. The automotive component includes a leased auto dealer/detail and a leased auto repair garage. The auto dealer is permitted for up to 80 cars.
Located at 990 S. Main St., Athol, MA 01331, the site is set up to support both vehicle-oriented operations and on-site residential parking. Call for all showings and questions.
For buyers and investors seeking a multi-use income stream, the structure of leased residential units alongside leased automotive operations can simplify management by consolidating multiple income sources. The presence of a permitted 80-car capacity for the auto dealer may also support vehicle display and staging needs associated with that business model. With tenants in place, this is best suited for investors comfortable evaluating leased cash-flow properties and coordinating access during scheduled showings.
Located at 990 S. Main St., Athol, MA 01331, the site is set up to support both vehicle-oriented operations and on-site residential parking. Call for all showings and questions.
For buyers and investors seeking a multi-use income stream, the structure of leased residential units alongside leased automotive operations can simplify management by consolidating multiple income sources. The presence of a permitted 80-car capacity for the auto dealer may also support vehicle display and staging needs associated with that business model. With tenants in place, this is best suited for investors comfortable evaluating leased cash-flow properties and coordinating access during scheduled showings.
Key Highlights
- Year built: 1930
- Leased residential units: two leased units, with two parking spaces each (4 total dedicated spaces)
- Auto dealer/detail space is leased with permitted capacity for 80 cars
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 | $146.9k | $21.60 |
| − Vacancy | −$3.2k | −$0.48 |
| EGI | $143.6k | $21.12 |
| − OpEx | −$43.1k | −$6.34 |
| NOI | $100.6k | $14.79 |
6,800 SF · lease $21.60/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,554 @ 7.0% cap · market cap 7.45%
Second Best
Multifamily LT 5
$1.31M
$1.15M – $1.53M
NOI $91,920 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,547 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
FAQs
What type of property is this?
Auto shop - Leased two residential units and an auto dealer/detail with 80-car permitted capacity, plus dedicated parking for residents.
Where is this auto shop located?
The property is located at 990 S Main St. Athol Athol, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Year built: 1930; Leased residential units: two leased units, with two parking spaces each (4 total dedicated spaces); Auto dealer/detail space is leased with permitted capacity for 80 cars
