125 Main StReading, MA 01867

Property Details for 125 Main St

Year built

1971

Construction

STEEL FRAME

Lot size

1.18 AC

Property size (Sq ft)

23,382 SF

Zone code

BUSA

Property type

Office properties

Property subtype

Office buildings

APN

READ M:007.0-0000-0119.0

APU

READM0070000001190

Description

This exceptional three-story office building, known as the Perkins Building, offers a unique opportunity to lease vibrant office or retail space in the heart of Reading, MA. Located at 125-131 Main Street, this property boasts a highly desirable location, conveniently situated along Route 28, and approximately 0.2 miles from the major thoroughfare of Route 128/95, ensuring excellent accessibility and high visibility. The building is zoned BUSA, allowing for a variety of commercial uses. Currently, one retail space of 300 square feet is immediately available for lease. The building's versatile design caters to both traditional and creative office tenants, as well as salon businesses. Ample parking is provided for tenants and their clients, with convenient spaces located both in front of the building and in a large rear parking lot. This property presents a fantastic chance to establish a thriving business in a bustling and well-connected location within Middlesex County. The building's multiple tenancy structure offers a dynamic and collaborative environment. Inquire today to learn more about this exciting leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,865,743

  6.5%

  $3,568,378

  7%

  $3,313,494

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,055,092

  Geo Method

  $3,055,092

• Alternative Use

  Use

  Valuation

  Residential

  $4,424,789

  Hospitality

  $4,053,083

  Educational

  $3,372,117

  Medical

  $3,488,090

  Retail

  $5,245,516

Location Insight

City

Reading

County

Middlesex

State

Massachusetts

Latitude

42.5081

Longitude

-71.1036

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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