1255 Bridge St Dracut, MA 01826
- Banks
- 1,828 SF
- 0.67 lot acres
Current Use by Public Records
- Banks
Property Details for 1255 Bridge St
- Year built
- 1972
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.67 lot acres
- Property size
- 1,828 SF
- Zone code
- B3
- Property type
- Banks
- APN
- DRAC M:50 L:238
- APU
- DRACM50L238
Description
This exceptional commercial property at 1255 Bridge Street in Dracut, Massachusetts, presents a unique opportunity for a discerning business. Boasting 2,575 square feet of versatile space, this property is ideally suited for retail or office use. The expansive 0.67-acre lot provides ample parking for over 20 vehicles, a significant advantage in a high-traffic area. Located on Bridge Street, this site benefits from an impressive daily traffic count of approximately 14,000 cars, ensuring high visibility and accessibility for your business. The property enjoys a prime location, shadowed by established businesses such as Market Basket Plaza, McDonald's, Advanced Auto Parts, and Walgreens, creating a synergistic environment and attracting a substantial customer base. This strategic positioning offers excellent exposure and immediate access to a dense concentration of consumers. The property's size and location make it an exceptional investment opportunity for businesses seeking a high-visibility presence in a thriving commercial area. The substantial parking capacity further enhances its appeal, ensuring convenience for both employees and customers. This is a rare opportunity to secure a well-situated commercial property in a highly desirable location. The asking price is $16 million.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $595,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $565,000
- 6.5%
- $545,000
- 7%
- $530,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $605,000
- Geo Method
- $540,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $560,000
- Retail
- $555,000
- Mixed-Use
- $465,000
- Hospitality
- $600,000
- Educational
- $515,000
- Residential Income
- $530,000
- Energy
- $490,000
- Income-Based Land
- $475,000
- Food Service
- $560,000
Location Insight
- Map
- Local Demand
- City
- Dracut
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.3029
- Latitude
- 42.6661
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA