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    FOR SALE
    Auto shops

    340 Main St, North Reading, MA 02180

    1,912 SF 1.74 ac lot Built 1952
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US38-0836409
    Property summary
    AI-generated overview

    This exceptional 1,020-square-foot industrial property in North Reading, Massachusetts, presents a unique investment opportunity. Situated on a 1.76-acre lot at 340 Main St, 01864, this single-tenant building boasts a Class B designation and was constructed in 1952. The property features a single-story structure with a 13-foot ceiling height, ideal for various uses. The building includes three drive-in bays, with two currently available for lease. The available space comprises two warehouse bays, one office, and one restroom. Ample parking is provided with over 30 spaces. The zoning is Highway Business, allowing for a range of commercial applications. The property is classified as Refrigerated/Cold Storage and Auto Garage, offering versatile functionality. The lease is a gross modified lease, meaning the tenant is responsible for utilities in addition to monthly rent. Note that the owner occupies a third bay with its own separate entrance and restroom. This property is available immediately and offers a compelling opportunity for businesses seeking a well-located, functional space in a thriving area. Middlesex County location provides easy access to major transportation routes.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1952
    Total area 1,912 SF
    Lot 1.74 ac (75,751 SF)
    Zoning code HB
    APN NREA M:012.0 B:0000 L:0053.0
    UPID US38-0836409
    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
    • Payne's Truck & Auto Center Car Dealership
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Jsa LLC · 9 yrs held
    Jsa LLC
    since 2016
    6 recorded transactions
    2021
    2016
    $663,000
    2013
    $375,000
    2013
    2013
    1998
    $325,000
    Zoning & alternative use
    HB · North Reading, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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