Property profile

318 Main St Wilmington, MA 01887

OFF-MARKET
Auto shops
Property ID
US38-1677650
4,788 SF 0.44 ac lot Built 1957
Individually Owned 27-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 5,000+ square foot auto repair warehouse, situated on a sizable 0.44-acre lot in Wilmington, MA, presents a significant investment opportunity. The property boasts a highly desirable location within the GB Zone, offering excellent visibility and accessibility. The building features seven spacious bays, equipped with two twin-post lifts, facilitating efficient vehicle servicing. Access is provided by six drive-in doors – three measuring 9 feet in height and three measuring 8 feet. The robust electrical system includes a substantial 400 AMP, 3-phase power supply, catering to the demands of a busy auto repair operation. Ample parking is available with space for approximately 40 vehicles. An additional shed provides supplementary storage. Currently owner-occupied, this property offers immediate income potential or the opportunity to establish your own thriving auto repair business. The buyer is responsible for conducting their own due diligence regarding permitted uses and zoning regulations. This is a rare opportunity to acquire a well-established and equipped auto repair facility in a prime Wilmington location. The property's size, features, and location make it an ideal investment for both established businesses and entrepreneurs seeking to enter the automotive repair market. Don't miss this chance to own a thriving business in a high-demand area.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1957
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,788 SF
Lot 0.44 ac (19,166 SF)
APN WILM M:0042 L:0000 P:0026
UPID US38-1677650

Cap rate & NOI

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

Location

318 Main St Wilmington, MA 01887
Wilmington metro Census 331200 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 1998
3 recorded transactions
2022
Price N/A
2011
Price N/A
1998
$325,000

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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