6 Wilkens Dr Plainville, MA 02762
- Commercial real estate
- 1.50 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 6 Wilkens Dr
- Year built
- 1984
- Lot size
- 1.50 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 1.5-acre property located at 6 Wilkens Drive, Suite 203, in Plainville, Massachusetts. The property consists of office space within a professional office building, offering ample parking for tenants and clients. Its convenient location adds significant value. Currently leased, the office space generates a monthly rental income of $900. The existing lease agreement includes options for renewal, extending the lease for an additional four years. Each year of the renewal option will see a $100 increase in monthly rent. This translates to a strong, predictable cash flow for the investor. The property's size is not specified, but the combination of a desirable location, existing income stream, and lease renewal options makes this an attractive investment prospect in the thriving Plainville market. The property is classified as "Other" in property type. The asking price for this income-producing asset is $120,000. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Plainville
- County
- Norfolk
- State
- Massachusetts
- Longitude
- -71.3065
- Latitude
- 42.0089
