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Property profile & analytics
OFF-MARKET
Commercial real estate

129 Bolton Rd Lancaster, MA 01523

0.68 ac lot Built 1965
Property ID
US38-1709929
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1965
Lot 0.68 ac (29,621 SF)
UPID US38-1709929
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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