447 Water St, Fitchburg, MA 01420-7318
This exceptional commercial property located at 447 Water Street in Fitchburg, Massachusetts, presents a remarkable investment opportunity for owner-operators or investors seeking a prime location. Situated on a 0.14-acre lot, the building boasts a two-bay garage, ample office space, and has undergone a complete renovation. Improvements include a brand-new roof, a high-efficiency forced hot air heating system, and thorough spray foam insulation, significantly enhancing energy efficiency and reducing operational costs. The property also features a newly paved area, adding to its overall appeal and functionality. Currently utilized as a Class II used car dealership and auto repair facility, this versatile property offers endless possibilities for a wide range of commercial uses. The strategic location and recent renovations make this a truly exceptional opportunity for those seeking a profitable venture in a thriving area. The asking price is $600,000. The square footage is not currently available. Serious inquiries are encouraged to explore the full potential of this remarkable property.
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Pena Auto Sales 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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NB · Fitchburg, MAFitchburg. 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.