340 Main St, North Reading, MA 02180
For Sale
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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.
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Payne's Truck & Auto Center Car Dealership
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
HB · North Reading, MANorth Reading. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.