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    Property profile & analytics
    OFF-MARKET Estimated value $600,000
    Banks

    986 Main St, Tewksbury, MA 01876-1805

    2,183 SF 1.01 ac lot Built 1970
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US38-0570890
    Property summary
    AI-generated overview

    This unique retail property, located at 986 Main St in Tewksbury, Massachusetts, presents a rare opportunity. The building, formerly a Bank of America branch, offers 1 square foot of retail space. Situated in Middlesex County, zip code 01876, this property boasts a highly visible Main Street location with excellent access and high traffic volume. The precise configuration and layout of the single square foot are to be determined by the buyer, offering unparalleled flexibility for a variety of creative uses. Given its former use as a bank, the property may benefit from existing infrastructure suitable for secure transactions or specialized retail applications. The property's small size makes it ideal for a unique, niche business or as a supplemental space for an existing enterprise. This is a blank canvas for a visionary entrepreneur seeking a highly visible location in a thriving Massachusetts community. The property is being offered for sale and is ready for immediate occupancy. Further details regarding the property's condition and potential uses are available upon request. Interested parties are encouraged to conduct their own due diligence. The latitude and longitude coordinates are 42.6124925 and -71.2336155 respectively.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1970
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 2,183 SF
    Lot 1.01 ac (43,996 SF)
    Zoning code COM
    APN TEWK M:0047 L:0080 U:0000
    UPID US38-0570890
    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
    • Discount Garage Doo'r Repair Spring & Opener Company Door Warehouse Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $600k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $600k
    Owner & transaction history
    986 Main St Partners LLC · 1 yrs held
    986 Main St Partners LLC
    since 2024
    Last sale
    $600,000
    1 recorded transaction
    2024
    $600,000
    Zoning & alternative use
    COM · Tewksbury, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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