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Property profile & analytics
FOR LEASE
Retail space

265 Summer St Fitchburg, MA 01420

18,532 SF 3.29 ac lot Built 2003
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US38-1831315
Property summary
AI-generated overview

This exceptional commercial property at 265 Summer Street in Worcester County, Fitchburg offers ±14,802 square feet of immediately available retail and office space. The building totals 18,532 square feet and sits on a 3.29-acre lot, providing ample space and visibility. The property boasts prominent frontage and pylon signage opportunities along Summer Street, ensuring high visibility for your business. Currently configured for multiple tenants, divisible spaces range from a minimum of 5,500 square feet to a maximum contiguous space of 9,302 square feet. The building is undergoing exterior façade updates, and the landlord is actively exploring additional options for retail and medical office tenants. Previously a car dealership, the property currently houses Thirsty Robot Brewing Company, demonstrating its suitability for a variety of businesses. The property includes 173 on-site parking spaces for employees and visitors, providing convenient access for clients and staff. Utilities include electric, gas, city water, and sewer. This is a rare opportunity to secure high-profile commercial space in a thriving location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2003
Construction STEEL FRAME
Total area 18,532 SF
Lot 3.29 ac (143,225 SF)
Zoning code C
APN FITC M:0110 B:0001 L:4
UPID US38-1831315
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
Current use
Occupant on record · Public records
  • Thirsty Robot Brewing Company Production Facility Brewery & Distillery
  • Vital Ems Ambulance Service
  • Eagle Garage Doors And Gate Repair Inc. Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.27M
Blend (final) Blend
$2.03M
Owner & transaction history
265 Summer LLC · 4 yrs held
265 Summer LLC
since 2021
Last sale
$1.8M
4 recorded transactions
2021
$1.8M
2014
$1.9M
2013
Price N/A
2002
$425,000
Zoning & alternative use
C · Fitchburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $2.7M +17.7%
Neighborhood: shopping center $2.3M +2.6%
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More about this property
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