For Sale
$950,000

10 Chelmsford St Chelmsford, MA 01824

High-Visibility, 3-Tenant Retail Center

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional Class A, 4,350 square foot retail property in Chelmsford, MA, presents a compelling investment opportunity. Located at 10 Chelmsford St, 01824, this single-story, 1930-built building boasts a prime location with high visibility, attracting over 11,000 cars daily. The property features three separate retail units, each offering ideal layouts and benefiting from ample on-site parking within a 17,424 square foot lot. Currently operating under a Net Lease (NNN) agreement with a 7.35% cap rate and a strong NOI of $69,800, this multi-tenant investment offers immediate income potential. The asking price is $950,000, translating to $218.39 per square foot. Situated near the heart of Chelmsford Town Center and the public library, this property benefits from proximity to both local and national retail tenants. The property's attractive facade and strong tenant base make it an ideal investment for those seeking a stable, high-return asset. There is also potential for an owner-user to occupy one of the spaces, leveraging the existing infrastructure and prime location. This rarely available free-standing retail building offers a unique blend of immediate income and long-term growth potential.

Highlights

  • High-visibility free-standing retail building with ample parking.
  • Excellent location with high foot traffic and strong demographics.
  • Modern design and efficient floor plan, ideal for a variety of retail uses.
  • Significant street frontage and prominent signage opportunities.
  • Strong lease terms available, contact for details.

Property Details for 10 Chelmsford St

Property type
Lifestyle centers, Power centers
Square Feet
4,350 SF
Class
A
Year Built
1930
Buildings
1
Stories
1
Units
3

Location Insight

City
Chelmsford
County
Middlesex
State
Massachusetts
Latitude
42.597383
Longitude
-71.3511947

FAQs

What type of property is this?
Lifestyle center - High-Visibility, 3-Tenant Retail Center
Where is the lifestyle center located?
The property is located at 10 Chelmsford St Chelmsford, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: High-visibility free-standing retail building with ample parking.; Excellent location with high foot traffic and strong demographics.; Modern design and efficient floor plan, ideal for a variety of retail uses.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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10 Chelmsford St
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