945 Main StTewksbury, MA 01876

Property Details for 945 Main St

Year built

1915

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.69 AC

Property size (Sq ft)

2,046 SF

Zone code

COM

Property type

Office properties

Property subtype

Office buildings

APN

TEWK M:0047 L:0068 U:0000

APU

TEWKM0047L0068U0000

Description

This exceptional two-story commercial property, located at 945 Main Street in Tewksbury, MA, presents a prime development opportunity. Currently configured as a dental office, this adaptable space boasts eight spacious offices, a comfortable waiting area, and convenient handicap accessibility. The building's meticulous design caters to a diverse range of professional uses, offering unparalleled versatility for prospective buyers. Situated on a substantial 0.69-acre lot, the property provides ample parking, ensuring convenient access for clients and employees. Its high-visibility location on Main Street, surrounded by thriving businesses, guarantees significant foot traffic and exposure. The property's strategic placement offers seamless accessibility, with proximity to major highways ensuring easy commutes for both staff and customers. This turnkey opportunity is ideal for entrepreneurs seeking to establish a new venture or for existing businesses looking to expand their operations. The combination of a flexible layout, prime location, and abundant parking makes this property an exceptional investment in a vibrant and growing community. The asking price is $729,900. Don't miss this chance to secure a thriving commercial presence in Tewksbury.

• CAP approach

  CAP return

  Valuation

  6%

  $338,265

  6.5%

  $312,245

  7%

  $289,941

• Comparable approach

  Method

  Valuation

  Relative Method

  $267,330

  Geo Method

  $267,330

• Alternative Use

  Use

  Valuation

  Residential

  $387,183

  Hospitality

  $354,658

  Educational

  $295,071

  Medical

  $305,219

  Retail

  $458,999

Location Insight

City

Tewksbury

County

Middlesex

State

Massachusetts

Latitude

42.6128

Longitude

-71.2366

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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