129 Bolton Rd Lancaster, MA 01523
- Commercial real estate
- 0.68 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 129 Bolton Rd
- Year built
- 1965
- Lot size
- 0.68 lot acres
- Property type
- Commercial real estate
Description
This unique property at 129 Bolton Rd, Lancaster, MA, presents a compelling investment opportunity. The single-story building, constructed of concrete block, boasts significant size and offers substantial parking capacity for 25 to 40 vehicles, thanks to a built-in garage. Built in 1960, this property benefits from a nonconforming status, exempting it from current tax rolls. The interior features a kitchen area and two restrooms, providing essential amenities. Additionally, there is semi-finished office space available, offering flexibility for various business needs. It's important to note that the building does not currently comply with all modern building codes, presenting a potential project for a buyer seeking renovation or redevelopment. The 0.68-acre lot provides ample space for expansion or outdoor storage. Priced at $575,000, this property offers significant potential for a savvy investor willing to undertake necessary improvements and capitalize on its unique characteristics and non-conforming tax status. The substantial parking alone makes this a rare find in Lancaster. Serious inquiries only.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.68118
- Latitude
- 42.44426
