Financial
Distress signals
Property profile

1342 Main St Reading, MA 01867

OFF-MARKET
Other retail properties
Property ID
US38-1160082
28,956 SF 4 ac lot Built 1958
Last sale Aug 2024 · $5,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Approximately 30,000 square feet retail property located at 1342 Main St in Reading, Massachusetts, near North Reading Plaza and adjacent to major retailers including Walmart, Dollar Tree, and Marshalls. The building is configured for a single occupant. It is positioned along Route 28, which carries an estimated 19,100 vehicles per day, and the site is located near the I-93 and I-95 (Route 128) interchange.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$74k
Tax billed · 2024
Assessed value$5.73M
Assessed land$2.77M
Assessed improvement$2.95M
Effective rate1.29%

Value estimate

· Sep 2026
$5.60M
$5.04M – $6.16M
AI approach$5.60M
CAP approach$6.41M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$270/SF
County average, outlier-cleaned · 360 recorded sales of this use type
Observed band · Q1–Q3$140 – $417
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BUSA
JurisdictionREADING

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant14.4
Realty agency13.9
Hair Salon12.8

Location

1342 Main St Reading, MA 01867-1137
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6 Chute, Reading, MA 01867 $1,600,000 May 2025 8,539 SF
505 Main, Reading, MA 01867-3168 $1,465,000 Aug 2023 8,295 SF
25 Hvn, Reading, MA 01867-2930 $2,175,000 Aug 2023 7,953 SF
17 Harnden, Reading, MA 01867 $6,500,000 Dec 2022 14,325 SF
36 Woburn, Reading, MA 01867-2973 $1,040,000 Apr 2022 6,126 SF
21 Harnden, Reading, MA 01867 $213,000 Aug 2019 3,168 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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