Technical
Financial
Distress signals
Property profile

271 Main St North Reading, MA 01864

OFF-MARKET
Super regional malls
Property ID
US38-1087918
124,741 SF 13.35 ac lot
Entity Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail space, located at 271 North Main Street in North Reading, Massachusetts, offers a fantastic opportunity for businesses seeking a prominent location in Middlesex County. The entire 1,650 square foot building is currently available for lease, presenting a blank canvas for a new tenant to customize and develop. The property is classified as commercial retail with multiple tenancy potential, making it ideal for a variety of uses. Its convenient location on North Main Street ensures high visibility and accessibility for customers. The address is 271 North Main Street, North Reading, MA 01864, providing easy access for both employees and clients. The property's size allows for ample space to create a functional and attractive retail environment. With its strategic location and substantial square footage, this property represents a rare opportunity to establish a thriving business in a desirable area. The building's entire footprint is vacant, offering complete flexibility in design and layout. This presents a unique chance to create a space perfectly tailored to the specific needs of the future tenant. The property is situated in Middlesex County, offering access to a strong local market and a well-established infrastructure. This is a turnkey opportunity for a business looking to establish a strong presence in a thriving community. The property is ready for immediate occupancy.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Total area 124,741 SF
Lot 13.35 ac (581,526 SF)
Zoning code HB
APN NREA M:013.0 B:0000 L:0014.0
UPID US38-1087918

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
  • Alternative Medicine Practice Spa & Massage Center
  • Bank Loan Service
  • (Bike/Boat/Book/etc) Store Pet Store & Service
  • (Bike/Boat/Book/etc) Store Pet Store & Service

Location

271 Main St North Reading, MA 01864-1301
North Reading metro Census 330201 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$18.52M

Owner & transaction history

since 2004
3 recorded transactions
2004
$16.5M
2004
Price N/A
2003
$11.4M

Zoning & alternative use

HB · North Reading, MA
Zoning description

Highway Business (HB) District. § 200-40 Industrial/Office (I/O-1) District. § 200-32 Applicability. Except as otherwise provided in this Zoning Bylaw, no building, structure or land shall be used for a purpose other tha…

General category MIXED_USE

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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