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    160 Main St

    Spencer, MA 01562
    • $700,000
    • STATUS: Active
    • MLS #: 72752685
    UPDATED: 26 min ago
    $700,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,080
      SQFT
    • $138
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2004
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Sam Takla of Coldwell Banker Realty - Framingham.

    Description

    Well maintained commercial building located at the well traveled intersection of Rt 31 and Rt 9, in the city's heart, across from the Town Hall. Built in 2004. Great business location, long term tenant with successful Dollar store business with ample parking. This strip plaza is being offered with an NOI of $70,200 representing a 10% Cap rate and almost 22% cash to cash. There is a new, absolutely NNN 10 years lease and 3 options 5 years/each, the total is 25 years in place. This building will generate money with zero responsibility.

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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 2020-11-28T12:06:45.547.
    boston.herggroup.com/homes/111598494
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    160 Main St Spencer, MA 01562

    • Price: $700,000
    • Status: Active
    • Updated: 26 min ago
    • MLS #: 72752685
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    5,080
    SQFT
    $138
    $/SQFT
    2004
    Built
    Neighborhood:
    Other
    County:
    Worcester
    Area:
    Other
    Property Description
    Well maintained commercial building located at the well traveled intersection of Rt 31 and Rt 9, in the city's heart, across from the Town Hall. Built in 2004. Great business location, long term tenant with successful Dollar store business with ample parking. This strip plaza is being offered with an NOI of $70,200 representing a 10% Cap rate and almost 22% cash to cash. There is a new, absolutely NNN 10 years lease and 3 options 5 years/each, the total is 25 years in place. This building will generate money with zero responsibility.
    Exterior Features

    Construction Frame Location DowntownStrip Parking Features Paved Driveway Parking Spaces 12 Railroad Siding No Roof Material Rubber Site Condition Improved Stories 1 Traffic Count 4000 Underground Tank No

    Interior Features

    Elevator No Maf Building Sq Ft 0.00 Ref Building Sq Ft 5080.00 Restrooms 4 Rsf Building Sq Ft 0.00 Sprinklers Yes Total Building Sq Ft 5080.00 Waf Building Sq Ft 0.00

    Property Features

    Assessed Value Building 340600.00 Assessed Value Land 50700.00 Assessed Value Total 391300.00 Commercial Industrial Type Commercial Condo Association No Disclosure Yes Disclosures The A/C SystemPlumbingGas Pipes And Electricity Are Brand New. Dividable Yes Easements No Exchange No Expandable No Gross Annual Expense 0.00 Gross Annual Income 70200.00 Handicap Access No Lease No Lease Price Includes Business Lease Type Triple Net Lease (Nnn) Lender Owned No Lien And Encumbent No Mau Units 0 Net Operating Income 70200.00 Ofu Units 0 On File21 E No Plat Plan Yes Reu Units 2 Rsu Units 0 Short Sale Lender App Required No Space Available For Sale Special Financing No Subdividable No Sublet No Survey Yes Tax Year 2020 Taxes 5525.00 Total Units 2 Utilities Public WaterPublic SewerNatural Gas220 Volts Wau Units 0 Year Built Source Pr Zone Description Legal Conforming Zoning Commercial

    Listing information © 2020 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Sam Takla of Coldwell Banker Realty - Framingham.


    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 2020-11-28T12:06:45.547.
     
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    1 Militia Drive, Suite 204
    Lexington MA, 02420
    Listing courtesy of Sam Takla of Coldwell Banker Realty - Framingham.