408 River St. Fitchburg MA 01420 | Keller Williams Realty

  • 408 River St. 

  • Fitchburg, MA 01420
  • 0 bed | 0 fullbath | 7912 sqft | Commercial
  • $239,900

  • Est. Monthly Payment: $1,232,123/mo calculator
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Richard Perkins

realtor

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What is Nearby 01420:

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Description

Investors take note! Excellent CAP on this Property. At asking price with estimated rents & 25% Vac., this property produces a 13% CAP. A CAP of 10% (25% vac.) this property will support an asking price of $314,430.00. Owner says bring your offers! Located on Rt. 12, 31 & 2A near the corner of Oak Hill Rd. In the Marijuana Retail zoning with several large apartment buildings close by. High traffic count of 10,117 (2W, 2017). Convenient location close to downtown and residential neighborhoods. Beautifully maintained Retail/Flex building with many updates include new building facade and windows in 2006. One new heating system. Owners have owned and cared for this building for close to 20 yrs and it shows. Building is set up for (4) approx. 2000 sf retail/flex spaces with 3 bathrooms throughout. Great location for Home Decor (existing business open for 20 yrs, owners retiring), Adult use Marijuana Retail, Restaurant, or Salon/Spa/Nail. Buyer to confirm uses with City.

Interior Features

  • Bedrooms: 0
  • Full Baths: 0
  • SQFT: 7912

Exterior Features

  • Lot Size: 3920.400156
  • Stories: 2

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Community Details

Additional Information

  • Property Type: Commercial
  • Annual Taxes: 5169
  • Year Built: 1949

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