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Property profile & analytics
OFF-MARKET
Auto shops

631 Rathbun St Blackstone, MA 01504-2052

3,656 SF 0.11 ac lot Built 1947
Individually Owned 8-yr Hold ~ Est. High Equity
Property ID
US38-1516419
Property summary
AI-generated overview

This exceptional commercial property located at 631 Rathbun, Blackstone, MA, presents a unique investment opportunity. Currently operating as an auto repair business, the 0.11-acre lot offers significant potential for continued use in the same industry or creative repurposing. The building itself is ready for immediate occupancy, providing a solid foundation for a thriving enterprise. The existing setup is well-suited for an auto repair business, with ample space for servicing vehicles. However, the property's versatility extends beyond its current configuration. The upper level presents significant expansion or repurposing potential, allowing for a variety of business ventures. This could include additional workspace, office space, or even residential conversion, subject to local zoning regulations. The asking price is $560,000. The seller is open to selling the property with or without the existing business and its fixtures, fittings, and equipment (FF&E). This flexibility allows for a tailored transaction to meet the specific needs and preferences of the buyer. The property's prime location in Blackstone, MA, offers excellent accessibility and visibility, ensuring a strong foundation for success. This is a rare opportunity to acquire a versatile commercial property with significant upside potential in a desirable location. Serious inquiries are encouraged to explore this promising investment. The square footage of the building is not currently available.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1947
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,656 SF
Lot 0.11 ac (5,000 SF)
APN BLAC M:0001 B:0000 L:78
UPID US38-1516419
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Gladu Automotive Repair · 8 yrs held
Gladu Automotive Repair
since 2018
3 recorded transactions
2018
$210,000
2016
Price N/A
2007
$1
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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