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241 Main Street

Townsend, MA 01469
  • $850,000
  • STATUS: Active
  • MLS #: 72994868
UPDATED: 51 min ago
$850,000
  • 0
    BEDS
  • 0.55
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1989
County:
Area:

School Ratings & Info

Listing courtesy of Douglas Tammelin of Coldwell Banker Realty - Leominster.

Description

Multi use building available in downtown Townsend. Owner has permits and plans approved by the town for (2) 1 bedroom apartments and (4) 2 bedroom apartments on the 2nd and 3rd floors. 1st floor and lower level is currently commercially leased with a counseling center, flooring company, law firm and a medical office all have separate utilities. 34 parking spaces, elevator in the building, sprinkler system for the building, close to shopping and restaurants. Current commercial leases $41,000 annually and potential rental leases based on the market is $96,000. CAP rate after the build out will be 10%.

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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 2022-06-27T22:09:06.137.
www.dotcollectionma.com/homes/129648422
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241 Main Street Townsend, MA 01469

  • Price: $850,000
  • Status: Active
  • On Site: Days
  • Updated: 51 min ago
  • MLS #: 72994868
0
Beds
0
Baths
0
½ Baths
0.55
Acres
1989
Built
Neighborhood:
Other
County:
Middlesex
Area:
Other
Property Description
Multi use building available in downtown Townsend. Owner has permits and plans approved by the town for (2) 1 bedroom apartments and (4) 2 bedroom apartments on the 2nd and 3rd floors. 1st floor and lower level is currently commercially leased with a counseling center, flooring company, law firm and a medical office all have separate utilities. 34 parking spaces, elevator in the building, sprinkler system for the building, close to shopping and restaurants. Current commercial leases $41,000 annually and potential rental leases based on the market is $96,000. CAP rate after the build out will be 10%.
Exterior Features

Construction Frame Location Downtown Parking Features Paved DrivewayOn Site Parking Spaces 34 Roof Material Shingle Stories 3

Interior Features

Elevator Yes Maf Building Sq Ft 0.00 Ref Building Sq Ft 1000.00 Restrooms 4 Rsf Building Sq Ft 3800.00 Waf Building Sq Ft 0.00

Property Features

Assessed Value Building 506300.00 Assessed Value Land 90500.00 Assessed Value Total 596800.00 Commercial Industrial Type Mixed Use Disclosure Yes Disclosures Seller Will Finance Exchange No Gross Annual Expense 25000.00 Gross Annual Income 137000.00 Handicap Access Yes Lease No Lender Owned No Mau Units 0 Net Operating Income 112000.00 Ofu Units 3 On File21 E No Reu Units 1 Rsu Units 6 Short Sale Lender App Required No Space Available For Sale Special Financing Yes Sublet No Tax Year 2022 Taxes 10509.65 Utilities Public WaterPrivate Sewer Wau Units 0 Year Built Source Pr Zone Description Legal Conforming Zoning Dcd

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Douglas Tammelin of Coldwell Banker Realty - Leominster.


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 2022-06-27T22:09:06.137.
 
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Dot Collection at Access Real Estate
5 Canton Ave Unit 2C
Milton MA, 02186
Listing courtesy of Douglas Tammelin of Coldwell Banker Realty - Leominster.