Property profile

1255 Bridge St Dracut Dracut, MA 01826

FOR SALE
Banks
Property ID
US38-1237413
1,828 SF 0.67 ac lot Built 1972
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property at 1255 Bridge Street in Dracut, Massachusetts, presents a unique opportunity for a discerning business. Boasting 2,575 square feet of versatile space, this property is ideally suited for retail or office use. The expansive 0.67-acre lot provides ample parking for over 20 vehicles, a significant advantage in a high-traffic area. Located on Bridge Street, this site benefits from an impressive daily traffic count of approximately 14,000 cars, ensuring high visibility and accessibility for your business. The property enjoys a prime location, shadowed by established businesses such as Market Basket Plaza, McDonald's, Advanced Auto Parts, and Walgreens, creating a synergistic environment and attracting a substantial customer base. This strategic positioning offers excellent exposure and immediate access to a dense concentration of consumers. The property's size and location make it an exceptional investment opportunity for businesses seeking a high-visibility presence in a thriving commercial area. The substantial parking capacity further enhances its appeal, ensuring convenience for both employees and customers. This is a rare opportunity to secure a well-situated commercial property in a highly desirable location. The asking price is $16 million.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,828 SF
Lot 0.67 ac (29,233 SF)
Zoning code B3
APN DRAC M:50 L:238
UPID US38-1237413

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1255 Bridge St, Unit Dracut Dracut, MA 01826
Dracut metro Census 314301 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$595k

Owner & transaction history

since 2020
Last sale
$550,000
2 recorded transactions
2020
$550,000
1994
$290,000

Zoning & alternative use

B3 · Dracut, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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