Sold!
$3,200,000
12,000
Living Area
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Property Description
Excellent Opportunity to own a Commercial Strip Mall in an affluent area! Property Highlights: Privately owned & operated shopping center, currently 86% (6/7 units) leased. / Anchored by a local staple restaurant since 1990. / Long Term Tenant Stability: all current tenants have been leasing since on average longer than 16+ years! / Strategically situated at a signalized & numbered route along Rt. 110 and just off of I-495, benefiting from local, regional and visitors. / Gross Leases with Attractive Rent Increases (per CPI). / Expansion & Growth by converting to Triple Net Leases, Long term (5/5 or longer) Leases. rent increments. / High Income area: In 2021, the median household income of Westford households was $161,076. / Market Demand – situated at the Hub of the region and a primary destination for retail & professional services, its convenient access with high visibility with substantial parking ensures high demand for continuous tenancy.
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Highlights
- Acres: 1
- Property Class: Commercial Sale
- Status: Closed
- Parking Spots: 68
- Year Built: 1986
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Additional Details
- Roof: Asphalt/Composition Shingles
- Zoning Description: Legal Conforming
- Zoning: Ch
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Fees / Taxes
- Buyer Agent Compensation: 50/50%
- Tax Year: 2023
- Facilitator Compensation: 50/50%
- Taxes: $32,242
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Listing information provided courtesy of JJM Realty LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
