129 Bolton Rd Lancaster, MA 01523
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.