Retail•Free Standing Building•For Sale or Lease
408 River St., Fitchburg, Massachusetts 01420
Beautifully maintained Retail/Flex building located on major road (Rt. 31 & 2A). Owner's used this nice property for their own business for the last 20+ years. Now retired, they are looking for new owners to make this property their own.
Many updates include new building facade and windows in 2006. One newer heating system. Owners have cared for this building for over 20 yrs and it shows. Building is set up for (4) approx. 2000 sf retail/flex spaces with 3 bathrooms throughout. Great location for Start-up company, Home Decor/Furniture, Restaurant, Salon/Spa/Nails, Vape Shop or food related business just to name a few. Buyer to confirm uses with City. Previous business was a Home Decor/Furniture and was open for 20+ yrs until owners retired.
Excellent Projected CAP on this Property. At asking price, with estimated below market rents and 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 retiring and says bring your offers!
Located on River St. (Rt. 31 & 2A) near the corner of Oak Hill Rd. In the C&A zoning and has been a great retail site for decades. Several large apartment buildings, residential homes and plenty of business' close by. High traffic count of 10,117 (2W, 2017). Convenient location close to downtown and residential neighborhoods.
Abutting property may also be available for purchase to add on-site parking for this property. Call for details.
- Beautifully Maintained.
- High Traffic count of 10,117 (2W, 2017).
- Close to downtown and residential neighborhoods
- River Frontage to possibly create outside seating with views of river.
- On Street Parking for approx. 40 cars
- On Street Parking for approx. 30 cars
12/16/2019 4:04:06 PM
3/29/2020 3:25:44 PM