382 Water StClinton, MA 01510

Property Details for 382 Water St

Year built

1930

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.21 AC

Property size (Sq ft)

1,542 SF

Property type

Retail properties

Property subtype

Retail space

APN

CLIN M:0036 B:3401 L:0000

APU

CLINM0036B3401L0000

Description

This 0.21-acre property at 382 Water Street in Clinton, MA, presents a unique investment opportunity. Located in a central and highly visible area, this building enjoys exceptional exposure to a busy thoroughfare, making it perfect for a variety of commercial ventures. Its previous uses as a breakfast store, coffee shop, and guitar repair shop demonstrate its versatility and adaptability to different business models. The property's strategic position within Clinton ensures easy access for local residents and businesses alike. The building itself offers ample space for a retail store, family restaurant, convenience store, or diner, catering to the needs of the surrounding community. This is an exceptional chance to establish or relocate your business in a thriving location with high foot traffic and excellent visibility. The property's central location makes it convenient for both customers and employees. Don't miss this opportunity to own this established commercial space and build your own successful enterprise. The property is priced at $299,999. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $374,760

  6.5%

  $345,932

  7%

  $321,223

• Comparable approach

  Method

  Valuation

  Relative Method

  $507,724

  Geo Method

  $507,724

• Alternative Use

  Use

  Valuation

  Residential

  $291,807

  Hospitality

  $267,293

  Educational

  $222,385

  Medical

  $230,033

  Retail

  $345,932

Location Insight

City

Clinton

County

Worcester

State

Massachusetts

Latitude

42.4199

Longitude

-71.6722

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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