6 Johnson StAuburn, MA 01501

Property Details for 6 Johnson St

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.66 AC

Property size (Sq ft)

6,860 SF

Property type

Showrooms

APN

AUBU M:0048 L:0144

APU

AUBUM0048L0144

Description

This 6,860-square-foot retail space in Auburn, Worcester County, offers a unique opportunity for businesses seeking high visibility and convenient access. Located on Johnson Street, this single-tenant property boasts direct visibility from I-290, ensuring significant exposure to a large volume of traffic. Built in 1950, the building sits on a 0.66-acre lot and is zoned HB - Highway Business. The space features ground-level loading, ideal for efficient inventory management, and a heavy floor load capacity, accommodating diverse business needs. Approximately 12-15% of the space is dedicated to office areas, complete with bathrooms. A basement area under the office space is available, but not included in the lease. Public water and sewer services are readily available. The property's strategic location near a Holiday Inn Express and other retail establishments provides added advantages. Access from and visibility on Route 12 further enhances its appeal. A sublease option of 3+ years is available, with the owner also offering longer-term lease options directly.

• CAP approach

  CAP return

  Valuation

  6%

  $1,667,220

  6.5%

  $1,538,972

  7%

  $1,429,045

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,258,746

  Geo Method

  $2,258,746

• Alternative Use

  Use

  Valuation

  Residential

  $1,298,180

  Hospitality

  $1,189,126

  Educational

  $989,339

  Medical

  $1,023,364

  Retail

  $1,538,972

Location Insight

City

Auburn

County

Worcester

State

Massachusetts

Latitude

42.1919

Longitude

-71.8456

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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