1 Wallace RdFitchburg, MA 01420

Property Details for 1 Wallace Rd

Year built

1950

Construction

FRAME

Lot size

0.97 AC

Property size (Sq ft)

4,000 SF

Zone code

C

Property type

Retail properties

Property subtype

Retail space

APN

FITC M:0039 B:0050 L:0

APU

FITCM0039B0050L0

Description

This exceptional retail property, the INDEPENDENCE BUILDING, presents a compelling investment opportunity in Fitchburg, Massachusetts. Located at 1 Wallace Rd, 01420, this 4,000 square foot, single-story building sits on a one-acre lot and offers significant potential for a variety of uses. Currently zoned C, the property boasts 15 parking spaces and is conveniently situated along the river and a bicycle/walkway, ensuring high visibility and accessibility. Built in 1950 and renovated in 1975, the building features a mostly open floor plan with a rear garage door, making it ideal for diverse commercial ventures. Potential uses include, but are not limited to, convenience stores, restaurants, storefronts, laundromats, light manufacturing, or contractor spaces. All utilities (water, sewer, electric, and gas) are readily available on-site. The asking price is $299,000, translating to $74.75 per square foot. The property is available for occupancy on April 18, 2024. This is a single-unit, Class B building owned by a corporation. Prospective buyers are responsible for conducting due diligence to verify property dimensions, easements, rights-of-way, and zoning regulations.

Location Insight

City

Fitchburg

County

Worcester

State

Massachusetts

Latitude

42.584

Longitude

-71.819

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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