Property profile

75 Main St North Reading, MA 01864

FOR LEASE
Auto shops
Property ID
US38-1664805
2,943 SF 0.55 ac lot
Individually Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 75 Main Street in North Reading, Massachusetts, offers a total of 24,400 square feet of space currently available for lease. Situated on a generous 3.77-acre lot in Middlesex County, this multi-tenant building presents a unique opportunity for businesses seeking flexible space options. The property allows for lease sizes ranging from a minimum of 2,700 square feet to a maximum contiguous space of 13,500 square feet, catering to a variety of business needs and scales. The entire building is currently vacant, providing a blank canvas for a new tenant or a group of complementary businesses. Its prime Main Street location in North Reading, zip code 01864, offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. This property is ideal for businesses seeking a prominent location in a thriving community. The address is easily accessible via major roadways, making it a convenient location for both employees and customers. With its ample space and flexible lease options, this property represents a significant opportunity for growth and success in a desirable market. Contact us today to learn more about this exceptional retail space and to discuss your leasing needs.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Total area 2,943 SF
Lot 0.55 ac (24,002 SF)
Zoning code HB
APN NREA M:023.0 B:0000 L:0031.0
UPID US38-1664805

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
  • Building Supply
  • (Bike/Boat/Book/etc) Store Rental Equipment Company
  • Construction Company General Contractor
  • Construction Company
  • Construction Company

Location

75 Main St North Reading, MA 01864
North Reading metro Census 330201 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2007
1 recorded transaction
2007
$1

Zoning & alternative use

HB · North Reading, MA
Zoning description

Highway Business (HB) District. § 200-40 Industrial/Office (I/O-1) District. § 200-32 Applicability. Except as otherwise provided in this Zoning Bylaw, no building, structure or land shall be used for a purpose other tha…

General category MIXED_USE

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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