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112-114 Main St

Pepperell, MA 01463
  • $2,799,000
  • STATUS: Active
  • MLS #: 72981569
UPDATED: 201 min ago
$2,799,000
  • 0
    BEDS
  • 0.95
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 16,297
    SQFT
  • $172
    $/SQFT
Neighborhood:
Type:
Commercial-Lease
Built:
1962
County:
Area:

School Ratings & Info

Listing courtesy of Brian Flynn Team of Keller Williams Realty Evolution.

Description

Amazing investment opportunity in the heart of Pepperell! Seller has invested over $500k worth of renovations to both the interior and exterior of the property the past 15 years. Conveniently situated in the heart of Pepperell, this property is located in a high traffic area and is only 7.5 miles from Route 3. There are 12 units, with a current occupancy rate of over 80%. 8 of the occupied units pay rent plus NN with 2 units paying NNN. Roof above units 1 through 5 replaced in 2021/2022. Additional renovations include brick facade, lighting, pillars, and signage. HVAC units are tenants responsibility. Tenant of 1-3 is responsible for exterior maintenance. Owner responsible for snow removal only. Detailed income/expense figures, lease information, & rent roll will be provided to serious buyers only. Please do not speak with or disturb current tenants. Please contact listing agent to view the 2 vacant units and for additional info.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-06-29T00:09:24.83.
www.coastalnewenglandproperties.com/homes/128690116
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112-114 Main St Pepperell, MA 01463

  • Price: $2,799,000
  • Status: Active
  • On Site: Days
  • Updated: 201 min ago
  • MLS #: 72981569
0
Beds
0
Baths
0
½ Baths
0.95
Acres
16,297
SQFT
$172
$/SQFT
1962
Built
Neighborhood:
Other
County:
Middlesex
Area:
Other
Property Description
Amazing investment opportunity in the heart of Pepperell! Seller has invested over $500k worth of renovations to both the interior and exterior of the property the past 15 years. Conveniently situated in the heart of Pepperell, this property is located in a high traffic area and is only 7.5 miles from Route 3. There are 12 units, with a current occupancy rate of over 80%. 8 of the occupied units pay rent plus NN with 2 units paying NNN. Roof above units 1 through 5 replaced in 2021/2022. Additional renovations include brick facade, lighting, pillars, and signage. HVAC units are tenants responsibility. Tenant of 1-3 is responsible for exterior maintenance. Owner responsible for snow removal only. Detailed income/expense figures, lease information, & rent roll will be provided to serious buyers only. Please do not speak with or disturb current tenants. Please contact listing agent to view the 2 vacant units and for additional info.
Exterior Features

Construction Stone/ConcreteStucco Location SuburbanStripFree Standing Parking Features Open21+ SpacesImproved DrivewayOn SiteShared Parking Spaces 61 Roof Material Membrane Stories 1

Interior Features

Maf Building Sq Ft 0.00 Ref Building Sq Ft 14079.00 Restrooms 9 Rsf Building Sq Ft 0.00 Total Building Sq Ft 16297.00 Waf Building Sq Ft 0.00

Property Features

Assessed Value Building 827000.00 Assessed Value Land 232500.00 Assessed Value Total 1059500.00 Commercial Industrial Type Commercial Condo Association No Disclosure No Disclosures Sf includes Basement Below Unit 1 That Will Be Finished. Sf Does Not include Exterior Walls/Common Area. Roof Of Units 1-6 is New 2021/2022. Hvac Tenant Responsibility Unless Stated Otherwise in Lease. Owner Responsible For Snow Removal. Exchange No Gross Annual Expense 27000.00 Gross Annual Income 167568.00 Lease Yes Lease Type Triple Net Lease (Nnn)Gross Lender Owned No Mau Units 0 Net Operating Income 140568.00 Ofu Units 0 On File21 E No Reu Units 12 Rsu Units 0 Short Sale Lender App Required No Space Available For Sale Special Financing No Sublet No Tax Year 2022 Taxes 18170.00 Total Units 12 Utilities Public WaterPublic SewerNatural GasThree Phase Wau Units 0 Year Built Source Pr Zone Description Legal Conforming Zoning Com

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Brian Flynn Team of Keller Williams Realty Evolution.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-06-29T00:09:24.83.
 
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Kinlin Grover Compass
45 Court Street
Plymouth MA, 02360
Listing courtesy of Brian Flynn Team of Keller Williams Realty Evolution.