36 Nason StMaynard, MA 01754

Property Details for 36 Nason St

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.24 AC

Property size (Sq ft)

11,572 SF

Zone code

CB

Property type

Retail space

APN

MAYN M:014.0 P:152.0

APU

MAYNM0140P1520

Description

This exceptional commercial property, located at 36 Nason Street in Maynard, Massachusetts, presents a unique investment opportunity. Situated on a 0.18-acre lot in Maynard's burgeoning downtown area, this property benefits from a highly visible location with significant foot traffic and excellent exposure. The building is zoned within a business overlay district, allowing for a wide variety of permitted uses, providing flexibility for potential buyers. This versatility makes it ideal for a range of businesses seeking a prominent presence in a rapidly growing community. The strategic location within the expanding downtown core ensures strong potential for future appreciation and increased rental income. The property's high visibility and prime location make it an attractive prospect for businesses seeking to establish or expand their operations in a vibrant and accessible area. The substantial size of the lot offers ample space for potential expansion or outdoor amenities, further enhancing its value and appeal. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Massachusetts town, offering significant upside potential for savvy investors. The asking price is $1,450,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,812,400

  6.5%

  $2,596,062

  7%

  $2,410,628

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,810,234

  Geo Method

  $3,810,234

• Alternative Use

  Use

  Valuation

  Residential

  $2,189,875

  Hospitality

  $2,005,914

  Educational

  $1,668,897

  Medical

  $1,726,293

  Retail

  $2,596,062

Location Insight

City

Maynard

County

Middlesex

State

Massachusetts

Latitude

42.4331

Longitude

-71.4537

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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