14 Washington St Ayer, MA 01432
This exceptional mixed-use property, formerly Ayer's central fire station, presents a fully approved development opportunity. The 8,103 square foot building, situated on a 10,019 square foot lot, offers 12 units: four 2-bedroom apartments with open-concept designs featuring exposed brick walls, and approximately 4,600 square feet of flexible first-floor commercial space. The building, constructed in 1940 and boasting two stories, is zoned for mixed-use commercial development. The property includes five parking spaces. The asking price is $2,000,000, resulting in a price per square foot of $246.82. The net rentable square footage is 7,281 square feet. Located at 14 Washington St, Ayer, MA 01432, this property offers convenient access to the commuter rail, providing easy access to Boston. The projected monthly rent for residential units ranges from $3,000 to $3,300, with commercial space rental rates to be determined based on the tenant's business type. This investment presents a unique blend of historical charm and modern development potential in a thriving community.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.