Property summary
This exceptional investment opportunity presents a 0.25-acre commercial lot in West Newbury, Massachusetts, at 289 Main St., zip code 01985. The property features a single-story, 1,429 square foot building constructed in 1962. Currently operating as a service station, this established business offers a stable income stream secured by a five-year lease. The property's prime location near major commuter routes and local amenities ensures high visibility and accessibility. The single-unit building sits on a conveniently sized lot, providing ample space for operations. This turnkey business presents a rare chance to acquire a profitable, established enterprise with a long-term lease in place, offering immediate return on investment and future growth potential. The property is situated in Essex County and boasts a strong local customer base. The asking price for this exceptional opportunity is $799,000. This is a unique chance to own a successful business in a desirable location with a proven track record. The property's existing infrastructure and established clientele provide a solid foundation for continued success and expansion. This is an ideal investment for those seeking a stable income stream and long-term growth potential in a thriving commercial area.
Property profile
VerifiedCap rate & NOI
Current use
-
Auto Repair Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
RC · West Newbury, MAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for RC in West Newbury, MA.
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