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Property profile & analytics
FOR SALE
Banks

1255 Bridge St Dracut Dracut, MA 01826

1,828 SF 0.67 ac lot Built 1972
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US38-1237413
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$570k
Owner & transaction history
1255 Bridge Street LLC · 6 yrs held
1255 Bridge Street LLC
since 2020
Last sale
$550,000
2 recorded transactions
2020
$550,000
1994
$290,000
Zoning & alternative use
B3 · Dracut, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Property Maps & GIS | Dracut, MA
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