1298 Water St Fitchburg, MA 01420

Property Details for 1298 Water St

Year built

1930

Construction

FRAME

Lot size

0.24 lot acres

Property size

3,240 SF

Zone code

NB

Property type

Automotive properties

APN

FITC M:0154 B:0052 L:0

APU

FITCM0154B0052L0

Description

This exceptional investment opportunity presents a fully operational auto repair shop and prime real estate in Fitchburg, Massachusetts. Located at 1298 Water St, this 3,240 square foot facility sits on a 0.24-acre lot (APN 154-52-0) and boasts a convenient location near major highways. Built in 1930, the single-story building is zoned NB, offering flexibility for continued operation or potential redevelopment. The property includes a fully equipped repair garage and a Massachusetts state inspection bay, ensuring a seamless transition for a new owner. The business has a strong track record, generating $1.2 million in sales in 2023. The asking price of $1,800,000 includes both the business and the real estate, representing a compelling price per square foot of $555.56 and a price per unit of $1,800,000. This established business enjoys a "By-Right" zoning designation, minimizing potential regulatory hurdles. This turnkey operation offers immediate income potential and significant long-term growth prospects within a thriving community. Financial information for the last two years is available upon request, subject to a non-disclosure agreement. This is a rare chance to acquire a successful business and valuable real estate in a desirable location. The property's strategic positioning and established reputation make it an ideal investment for both seasoned entrepreneurs and astute real estate investors.

Location Insight

City

Fitchburg

County

Worcester

State

Massachusetts

Longitude

-71.7761

Latitude

42.56

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments