7 Prospect St Woburn, MA 01801-4219
This exceptional mixed-use property in desirable Woburn, MA presents a unique investment opportunity. Located at 7 Prospect Street, this 0.16-acre lot boasts a thriving commercial space currently operating as a convenience store, perfectly suited for a variety of professional uses including, but not limited to, dental, medical, or other service-based businesses. The property also includes five one-bedroom residential units and one two-bedroom unit, providing a substantial rental income stream. In total, there are seven bedrooms and seven bathrooms across the residential units. The property offers ample parking with space for eleven vehicles. Its convenient location near the bus line and the vibrant shops and restaurants of Woburn Center ensures high visibility and accessibility for both the commercial and residential aspects of the property. The attached floor plan provides detailed information on the layout and configuration of the units. This is a rare chance to acquire a property with both established commercial income and significant residential rental potential in a highly sought-after location. The asking price is $1,399,000. Don't miss this chance to own a piece of Woburn's thriving community.
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Minute Mart Grocery & Convenience Store
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
B-D · Woburn, MAWoburn. 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.