Property profile

49 River St Maynard, MA 01754

FOR LEASE
Retail space
Property ID
US38-1829214
6,044 SF 0.32 ac lot Built 1933
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1933
Construction FRAME
Total area 6,044 SF
Lot 0.32 ac (14,026 SF)
Zoning code CB
APN MAYN M:014.0 P:176.0
UPID US38-1829214

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
  • (Bike/Boat/Book/etc) Store

Location

49 River St Maynard, MA 01754
Maynard metro Census 364102 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$665k
CAP Approach CAP
by Request
Comparable Approach Comparable
$422k
Blend (final) Blend
$665k

Owner & transaction history

since 2024
Last sale
$665,000
3 recorded transactions
2024
$665,000
2024
Price N/A
2007
$1

Zoning & alternative use

CB · Maynard, MA
Zoning description

The intent of this zone is to promote central business district uses.

General category COMMERCIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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