51 Cass Avenue, Dracut, Massachusetts 01826

$1,995,000
6,298
SqFt

Listing Courtesy of : Frank Celeste ---- Gibson Sotheby's International Realty 2424222

List Price
$1,995,000
Price Change
▼ $280,000 1658261621
Status
ACTIVE
MLS#
72969149
Living Area
6,298
Lot Size (Acres)
0.88
Year Built
1962

Property Description

15.14% CAP RATE! A++ LOCATION! ONCE IN A DECADE OPPORTUNITY TO OWN DRACUT TIRE BUSINESS, LAND & 2 BUILDINGS! ESTABLISHED 58-YEAR-OLD COMPANY. THREE CONTIGUOUS LOTS (38,200 SQFT in TOTAL AREA) consisting of an Automotive repair shop (Dracut Tire), 2 Family Building, and a vacant lot zoned commercial/developable land. MULTIPLE REVENUE STREAMS and potential to rent out the 2 Family Building. Dracut Tire provides: State inspections, Auto Repair, Tire Sales, and is licensed for a used car lot for up to 25 cars. 21E-- Environmental Phase 1 & 2 completed in February of 2022 by Williamson Environmental LLC. The 3 Contiguous lots are: 1265 Lakeview Avenue, 1269 Lakeview Avenue and 51 Cass Avenue in Dracut, MA 01826. Buyer to conduct own due diligence. Projected 2022 NOI is $315,000.00 which would be a projected cap rate of 15.79%.

Additional Information

Taxes
$11,530
Parking Spaces
20
Buyer Agency Compensation
2%
Other Agent Compensation
1%
Compensation Based On
Net Sale Price
Sub Agency Offered
No

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