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Property profile & analytics
OFF-MARKET Estimated value $1,455,000
Office buildings

125 Main St Reading, MA 01867-3973

23,382 SF 1.18 ac lot Built 1971
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US38-0758273
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1971
Construction STEEL FRAME
Total area 23,382 SF
Lot 1.18 ac (51,296 SF)
Zoning code BUSA
APN READ M:007.0-0000-0119.0
UPID US38-0758273
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Goldstein-Milano Structural Engineer
  • Strategic Designworks Architect
  • Intervale Technologies, Inc Tech Support Center IT Consulting Firm
  • Global Integrated Technologies, Inc. Security Service General Contractor
  • American Retail Properties Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.05M
Blend (final) Blend
$1.46M
Owner & transaction history
Perkins Building LLC · 17 yrs held
Perkins Building LLC
since 2009
7 recorded transactions
2009
$1
2009
Price N/A
2000
$1.7M
1998
Price N/A
1994
Price N/A
1993
Price N/A
1987
Price N/A
Zoning & alternative use
BUSA · Reading, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Zoning Map 11x17 approved 111424
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