• 408 River St., Fitchburg, MA 01420

For Sale

Retail

For Sale

This property is available for sale
0.09
Acres
$239,900
Sale Price
  • Year Built
    1949
  • Total Building Size
    7,912 RSF
  • Overview

    408 River St. (Rt. 31 & 2A) between the corner of Oak Hill Rd and the River St. Rotary. Located in the C&A zoning and has been a great retail site since it was build in 1949. Several large apartment complexes, residential homes and plenty of business' close by. High traffic count of 10,300 (2W, 2019). Two Commuter Train Stations close by. CALL FOR OFFERS for this nice property. Owner used this property for their retail business for over 20 years. Now retired, they want to move on and are Calling for Offers to be submitted by noon, May 30, 2020. Reserve must be met and seller has the right to extend, shorten, alter, accept or reject any offer, at the sole discretion of the owner. Excellent Projected CAP on this Property. At asking price, with below market rents of $8/sf NNN and a high vacancy rate of 25%, this property is projected to produce a 13 CAP. With a projected CAP of 10 this property will support an asking price of $314,430.00. Building will be delivered vacant. Your value add by adding tenants and collect the rent, or flip to move on to your next project. Updates include new building facade and windows in 2006. A newer heating system. Owners have cared for this building for over 20 yrs and it shows. Building is set up for (4) approx. 1900 sf retail/flex spaces with 3 bathrooms throughout. Great location for Start-up company, Home Decor/Furniture, Restaurant, Salon/Spa/Nails, Vape Shop or auto related business just to name a few. Buyer to confirm all proposed uses with City.

Contact or Call

For Lease

Retail

408 River St

Available now!
1,900 - 7,912
Square feet
$1,267 - $5,275
Per month
  • Expandable to
    7,912 sq. ft.
  • Time on Market
    9 months
  • Last updated
    May 11, 2020
  • Space ID
    1867643
Contact or Call

Property Details

408 River St CALL for OFFERS

408 River St. (Rt. 31 & 2A) between the corner of Oak Hill Rd and the River St. Rotary. Located in the C&A zoning and has been a great retail site since it was build in 1949. Several large apartment complexes, residential homes and plenty of business' close by. High traffic count of 10,300 (2W, 2019). Two Commuter Train Stations close by. CALL FOR OFFERS for this nice property. Owner used this property for their retail business for over 20 years. Now retired, they want to move on and are Calling for Offers to be submitted by noon, May 30, 2020. Reserve must be met and seller has the right to extend, shorten, alter, accept or reject any offer, at the sole discretion of the owner. Excellent Projected CAP on this Property. At asking price, with below market rents of $8/sf NNN and a high vacancy rate of 25%, this property is projected to produce a 13 CAP. With a projected CAP of 10 this property will support an asking price of $314,430.00. Building will be delivered vacant. Your value add by adding tenants and collect the rent, or flip to move on to your next project. Updates include new building facade and windows in 2006. A newer heating system. Owners have cared for this building for over 20 yrs and it shows. Building is set up for (4) approx. 1900 sf retail/flex spaces with 3 bathrooms throughout. Great location for Start-up company, Home Decor/Furniture, Restaurant, Salon/Spa/Nails, Vape Shop or auto related business just to name a few. Buyer to confirm all proposed uses with City.

  • Property Type
    Retail
  • Year Built
    1949
  • Sale Price
    $239,900
  • Total Building Size
    7,912RSF
  • Total Acres
    0.09
  • Total Available
    1,900RSF
  • Largest Contiguous
    7,912RSF
  • Sale Status
    Available
  • Last updated
    May 11, 2020
  • Property ID
    2041466