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    OFF-MARKET
    Gas stations

    860 Main St, Millis, MA 02054-1536

    2,086 SF 0.73 ac lot Built 1969
    Entity Owned 20-yr Hold ~ Est. High Equity
    Property ID
    US38-0222666
    Property summary
    AI-generated overview

    This exceptional 3.16-acre outparcel, zoned Mceod/C-v/R-v, presents a prime retail development opportunity in the thriving town of Millis, Massachusetts. Situated at the strategic intersection of Route 109 and Route 115, this site boasts unparalleled visibility and accessibility, ensuring high traffic volume and strong potential for tenant attraction. The property is currently available for ground lease and offers multiple tenancy options, making it ideal for a variety of retail concepts. With a total land area of 3.16 acres, developers have ample space to create a vibrant and successful retail center. The Mceod/C-v/R-v zoning allows for a diverse range of retail uses, providing flexibility in tenant selection and development plans. The location in Millis, MA, offers a strong demographic profile and a growing community, ensuring a stable and profitable investment. This is a rare opportunity to acquire a highly visible and strategically located retail development site in a desirable market. The property's prime location at the intersection of two major roadways guarantees significant exposure and convenient access for potential customers. Don't miss this chance to capitalize on this exceptional investment opportunity. The address is 860 Main St, Millis, MA 02054.

    Property profile
    Verified
    Property type Gas stations
    Use group SERVICE STATION (FULL SERVICE)
    Year built 1969
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 2,086 SF
    Lot 0.73 ac (31,725 SF)
    APN MILL M:024 B:0000112
    UPID US38-0222666
    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
    Current use
    Occupant on record · Public records
    • Millis Service Center Gas Station
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    860 Main Street LLC · 20 yrs held
    860 Main Street LLC
    since 2005
    4 recorded transactions
    2020
    2008
    2005
    $1.4M
    2000
    $858,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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