Current Use by Public Records
- Retail properties & Spaces
Property Details for 555 Confidential
- Year built
- 1970
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a 2-story, 2,880 square foot liquor store in Middleton, MA, built in 1970 and renovated in 2004. Located on a 6,059 square foot lot with 8 parking spaces, the property boasts a strong financial performance, with a Net Operating Income (NOI) of $279,000, representing an 18.60% capitalization rate. The asking price is $1,500,000, or $521 per square foot. Currently operating under a single-tenant, net lease, the property enjoys 100% occupancy since March 1, 2004. The property is zoned for commercial use and features a Class B building. The business itself has a long and successful history, generating $1.2 million in annual sales. This turnkey operation offers significant potential for growth and is an attractive investment for those seeking a stable, high-return asset in a prime location. The property's established history, strong financials, and high-traffic location make it a compelling opportunity. The property is a single-unit building with a permitted commercial zoning designation.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Middleton
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.0141
- Latitude
- 42.6007
