Property profile

35 North Main St Randolph, MA 02368

FOR SALE
Retail space
Property ID
US38-0561785
3,416 SF 0.15 ac lot Built 1900
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a three-unit commercial building situated on a prominent Main Street location in Randolph, Massachusetts. The property encompasses 0.15 acres of land and is offered at $1,300,000. A key feature of this offering is the inclusion of an established pizza restaurant, providing immediate income potential for the new owner. The building's precise square footage is not currently available. However, its prime location on a main thoroughfare ensures high visibility and accessibility for all three commercial units. This makes it an attractive proposition for both established businesses and new ventures seeking a high-traffic location. The property's three-unit configuration offers flexibility for a variety of uses, allowing for potential expansion or diversification of income streams. This presents a unique chance to acquire a well-positioned commercial property with an existing, successful business already in place, minimizing the initial setup costs and risks often associated with new ventures. The strong location and existing tenant provide a solid foundation for a profitable investment. Serious inquiries are encouraged to explore this promising opportunity further. Further details regarding the individual unit sizes and lease terms are available upon request.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction FRAME
Total area 3,416 SF
Lot 0.15 ac (6,480 SF)
Zoning code CSBD
APN RAND M:53 B:C L:003
UPID US38-0561785

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hair Salon

Location

35 North Main St Randolph, MA 02368
Randolph metro Census 420301 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$895k
Comparable Approach Comparable
$820k
Blend (final) Blend
$715k

Owner & transaction history

since 2020
Last sale
$666,000
1 recorded transaction
2020
$666,000

Zoning & alternative use

CSBD · Randolph, MA
Zoning description

CSBD district intended to promote business related uses.

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.1M +10.0%
Office building $1.0M +0.2%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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