Property profile

1480 Broadway Rd Dracut, MA 01826

OFF-MARKET
Other retail properties
Property ID
US38-0363479
15,867 SF 1.56 ac lot Built 1955
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A turnkey restaurant and lounge property located in Dracut, Massachusetts, with a layout that includes a private event room designed to accommodate up to 70 people. The facility includes restaurant kitchen features such as ovens and stoves, fryers, and other cooking equipment, along with a bar area equipped with coolers and bar seating. The property is positioned with access to Route 93 and is zoned as “B.”

Property profile

Verified
Property type Other retail properties
Use group DEPARTMENT STORE
Year built 1955
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,867 SF
Lot 1.56 ac (67,954 SF)
Zoning code B3
APN DRAC M:8 B:19 L:15
UPID US38-0363479

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Industrial Manufacturer
  • Travel Agency Tour Operator
  • Atm
  • Restaurant

Location

1480 Broadway Rd Dracut, MA 01826-2842
Dracut metro Census 314302 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$1.72M

Owner & transaction history

since 2019
7 recorded transactions
2019
$951,000
2013
$775,000
2011
Price N/A
2002
Price N/A
2002
Price N/A
2001
Price N/A
2000
$450,000

Zoning & alternative use

B3 · Dracut, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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