990 Main StAthol, MA 01331

Property Details for 990 Main St

Lot size

1.80 AC

Property type

Investment properties

Property subtype

Live-work space

APN

ATHO M:00020 B:00046 L:00000

APU

ATHOM00020B00046L00000

Description

This exceptional investment opportunity presents a thriving, established multi-use property located on a high-traffic section of South Main Street in Athol, MA. The property encompasses a well-regarded auto sales and repair business, operational since the early 1980s, boasting a loyal customer base and strong reputation for quality service. The business is offered as a turnkey operation, including all necessary equipment, tools, and fixtures. The auto repair facility features four service bays, four lifts, a waste oil heating system, and ample storage space. Recently renovated office spaces include separate dealer and garage offices, a reception area, a kitchen, one full bathroom, and two half-bathrooms. A comprehensive security system, including cameras and an alarm, is already in place. The expansive parking lot currently accommodates 80-90 vehicles, with significant potential for expansion to accommodate up to 200 cars. Adding to the investment appeal, the property also includes a two-family home featuring two 2-bedroom, 1-bathroom units, generating substantial rental income. Both unlimited car sales and car repair licenses are included in the sale. This property offers a unique blend of established business operations and lucrative rental income, situated on a 1.8-acre lot, providing excellent visibility and multiple income streams. This is a rare opportunity to acquire a well-established and profitable business with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $12,963,184

  6.5%

  $11,966,016

  7%

  $11,111,301

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,244,789

  Geo Method

  $10,244,789

• Alternative Use

  Use

  Valuation

  Residential

  $14,837,860

  Hospitality

  $13,591,400

  Educational

  $11,307,886

  Medical

  $11,696,781

  Retail

  $17,590,044

Location Insight

City

Athol

County

Worcester

State

Massachusetts

Latitude

42.5822

Longitude

-72.2504

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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