49 Riv St Maynard, MA 01754-1621
- Retail space
- 6,044 SF
- 0.32 lot acres
Current Use by Public Records
- Nh Lowe Enterprise Inc / Dry Cleaner
Property Details for 49 Riv St
- Year built
- 1933
- Construction
- FRAME
- Lot size
- 0.32 lot acres
- Property size
- 6,044 SF
- Zone code
- CB
- Property type
- Retail space
- APN
- MAYN M:014.0 P:176.0
- APU
- MAYNM0140P1760
Description
This exceptional 6,100 square foot commercial building, situated on a 0.32-acre lot at 49 River Street in Maynard, MA, presents a unique investment opportunity. Conveniently located off Main Street, this property boasts a highly desirable central location within the town's vibrant business district. Previously utilized as a laundromat and dry cleaner, the building is being offered with a comprehensive and clean environmental study, ensuring a smooth transition for the new owner. The property's zoning within the Central Business and Downtown Overlay Districts allows for a wide range of potential uses, including retail, business, residential, and other compatible ventures. The building is equipped with essential utilities, including town water and sewer, electricity, and natural gas. Heating is efficiently managed by multiple Modine systems. Ample parking is provided with 10 or more off-street spaces located directly on the property. Convenient access is facilitated by a drive-in door and a loading dock, making this property ideal for a variety of businesses. This is a rare opportunity to acquire a well-situated commercial property in a thriving Massachusetts town, ready for its next chapter. The property's size, location, and versatility make it an attractive prospect for both established businesses and new ventures seeking a strong foothold in the Maynard market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $665,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $670,000
- 6.5%
- $680,000
- 7%
- $715,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $780,000
- Geo Method
- $740,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $725,000
- Retail
- $580,000
- Mixed-Use
- $710,000
- Hospitality
- $580,000
- Educational
- $695,000
- Residential Income
- $575,000
- Energy
- $565,000
- Income-Based Land
- $545,000
- Food Service
- $575,000
Location Insight
- Map
- Local Demand
- City
- Maynard
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.4515
- Latitude
- 42.4322
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
