990 Main St Athol, MA 01331-1880
- Investment properties
- 1.80 lot acres
Current Use by Public Records
- Investment properties
Property Details for 990 Main St
- Lot size
- 1.80 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- ATHO M:00020 B:00046 L:00000
- APU
- ATHOM00020B00046L00000
Description
This exceptional investment opportunity presents a thriving, established multi-use property located on a high-traffic section of South Main Street in Athol, MA. The property encompasses a well-regarded auto sales and repair business, operational since the early 1980s, boasting a loyal customer base and strong reputation for quality service. The business is offered as a turnkey operation, including all necessary equipment, tools, and fixtures. The auto repair facility features four service bays, four lifts, a waste oil heating system, and ample storage space. Recently renovated office spaces include separate dealer and garage offices, a reception area, a kitchen, one full bathroom, and two half-bathrooms. A comprehensive security system, including cameras and an alarm, is already in place. The expansive parking lot currently accommodates 80-90 vehicles, with significant potential for expansion to accommodate up to 200 cars. Adding to the investment appeal, the property also includes a two-family home featuring two 2-bedroom, 1-bathroom units, generating substantial rental income. Both unlimited car sales and car repair licenses are included in the sale. This property offers a unique blend of established business operations and lucrative rental income, situated on a 1.8-acre lot, providing excellent visibility and multiple income streams. This is a rare opportunity to acquire a well-established and profitable business with significant growth potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $580,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $750,000
- 6.5%
- $720,000
- 7%
- $700,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $650,000
- Geo Method
- $670,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $745,000
- Retail
- $765,000
- Mixed-Use
- $775,000
- Hospitality
- $560,000
- Educational
- $770,000
- Residential Income
- $610,000
- Energy
- $595,000
- Income-Based Land
- $730,000
- Food Service
- $645,000
Location Insight
- Map
- Local Demand
- City
- Athol
- County
- Worcester
- State
- Massachusetts
- Longitude
- -72.2504
- Latitude
- 42.5822
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA