1 Main St Georgetown, MA 01833-2009
- Retail properties
- 6,365 SF
- 0.23 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1 Main St
- Year built
- 1925
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.23 lot acres
- Property size
- 6,365 SF
- Property type
- Retail properties
- APN
- GEOR M:0011A B:00000 L:00027
- APU
- GEORM0011AB00000L00027
Description
This exceptional retail opportunity is located at 1 W Main St, Georgetown, MA 01833. The property boasts a highly visible corner location within a bustling commercial area, offering excellent accessibility and foot traffic. The single-tenant space comprises 1,535 square feet within a larger 6,365 square foot building constructed in 1925. The building sits on a 0.23-acre lot and features one story. Limited on-site parking is available with four spaces. The property is zoned CA and located in Essex County. The building does not include elevators. Property taxes are $1.83 per square foot. This space is ideal for a variety of retail uses, including food service establishments, given its high visibility and convenient location. The lease rate is $20 per square foot, NNN, with NNN charges totaling $3.75 per square foot. Lease terms are negotiable. This presents a unique chance to establish a thriving business in a vibrant and growing community. The property's prime location and ample street parking ensure high visibility and accessibility for customers. Don't miss this chance to secure a prominent retail space in Georgetown, Massachusetts.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $825,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $900,000
- 6.5%
- $895,000
- 7%
- $845,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $890,000
- Geo Method
- $810,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $905,000
- Retail
- $940,000
- Mixed-Use
- $995,000
- Hospitality
- $1,035,000
- Educational
- $935,000
- Residential Income
- $980,000
- Energy
- $785,000
- Income-Based Land
- $900,000
- Food Service
- $920,000
Location Insight
- Map
- Local Demand
- City
- Georgetown
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.9919
- Latitude
- 42.725
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA