95 Commonwealth Ave Concord, MA 01742-2903
- Retail space
- 3,705 SF
- 0.09 lot acres
Current Use by Public Records
- Retail space
Property Details for 95 Commonwealth Ave
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.09 lot acres
- Property size
- 3,705 SF
- Zone code
- L
- Property type
- Retail space
- APN
- CONC M:9D B:2214
- APU
- CONCM9DB2214
Description
This exceptional retail storefront opportunity is located in the thriving West Concord Village, offering 2,500 square feet of immediately available space within a larger 6,800 square foot building. Situated in a vibrant downtown area, this Class B property enjoys high visibility and foot traffic, making it ideal for a variety of retail businesses. The building features three stories and is conveniently located within walking distance of the MBTA Commuter Rail station, ensuring excellent accessibility for both employees and customers. The property sits on a 0.09-acre lot and includes three parking spaces. While the building itself does not offer elevator access, the ground floor storefront location provides easy street-level access. This single-tenant space presents a unique chance to establish a strong retail presence in a highly desirable and well-connected location. The property's prime location and ample space make it an attractive investment for businesses seeking a thriving retail environment in West Concord. The existing building is a single structure, offering a cohesive and manageable space for a tenant. The available space is part of a larger building, providing potential for future expansion or synergy with other businesses within the same complex. This is a rare opportunity to secure a prominent retail space in a sought-after location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,845,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,665,000
- 6.5%
- $1,705,000
- 7%
- $1,685,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,575,000
- Geo Method
- $1,405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,605,000
- Retail
- $1,920,000
- Mixed-Use
- $1,790,000
- Hospitality
- $1,965,000
- Educational
- $1,730,000
- Residential Income
- $1,875,000
- Energy
- $1,990,000
- Income-Based Land
- $1,515,000
- Food Service
- $1,950,000
Location Insight
- Map
- Local Demand
- City
- Concord
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.3956
- Latitude
- 42.457
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
