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    OFF-MARKET
    Retail space

    33 Zabelle Ave, Auburn, MA 01501-1520

    988 SF 0.27 ac lot Built 1945
    Individually Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US38-0846487
    Property summary
    AI-generated overview

    This exceptional 0.27-acre property at 33 Zabelle Ave, Auburn, MA, presents a rare investment opportunity. Currently configured as a restaurant space with a stunning lake view, this property boasts a fully equipped, high-end kitchen ideal for immediate operation as a takeout or catering establishment. The existing infrastructure offers significant advantages for a quick and efficient start-up. However, the versatility of this location extends beyond its current setup. The space is easily adaptable for conversion into a convenience store, catering to the needs of the local community. Beyond the commercial possibilities, the expansive lot offers significant potential for residential development. Imagine building your dream home on this desirable lakeside lot, enjoying both the tranquility of the lake and the convenience of a bustling commercial street. The property benefits from excellent street visibility and ample parking, ensuring easy access for customers and residents alike. The asking price is $462,000. This is a unique chance to acquire a property with multiple income streams and significant long-term growth potential. Prospective buyers are encouraged to conduct their own due diligence to fully assess the opportunities presented by this remarkable property. The property's size is not specified in the provided information.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1945
    Construction FRAME
    Total area 988 SF
    Lot 0.27 ac (11,778 SF)
    APN AUBU M:0017 L:0185
    UPID US38-0846487
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Douglas Rodrigues · 2 yrs held
    Douglas Rodrigues
    since 2023
    Last sale
    $240,000
    7 recorded transactions
    2023
    $240,000
    2015
    $35,000
    2014
    2008
    $200,000
    2006
    $220,000
    2005
    $220,000
    2004
    $150,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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