49 River StMaynard, MA 01754

Property Details for 49 River St

Year built

1933

Construction

FRAME

Lot size

0.32 AC

Property size (Sq ft)

6,044 SF

Zone code

CB

Property type

Retail space

APN

MAYN M:014.0 P:176.0

APU

MAYNM0140P1760

Description

This exceptional 6,100 square foot commercial building, situated on a 0.32-acre lot at 49 River Street in Maynard, MA, presents a unique investment opportunity. Conveniently located off Main Street, this property boasts a highly desirable central location within the town's vibrant business district. Previously utilized as a laundromat and dry cleaner, the building is being offered with a comprehensive and clean environmental study, ensuring a smooth transition for the new owner. The property's zoning within the Central Business and Downtown Overlay Districts allows for a wide range of potential uses, including retail, business, residential, and other compatible ventures. The building is equipped with essential utilities, including town water and sewer, electricity, and natural gas. Heating is efficiently managed by multiple Modine systems. Ample parking is provided with 10 or more off-street spaces located directly on the property. Convenient access is facilitated by a drive-in door and a loading dock, making this property ideal for a variety of businesses. This is a rare opportunity to acquire a well-situated commercial property in a thriving Massachusetts town, ready for its next chapter. The property's size, location, and versatility make it an attractive prospect for both established businesses and new ventures seeking a strong foothold in the Maynard market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,468,903

  6.5%

  $1,355,910

  7%

  $1,259,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,990,067

  Geo Method

  $1,990,067

• Alternative Use

  Use

  Valuation

  Residential

  $1,143,761

  Hospitality

  $1,047,679

  Educational

  $871,657

  Medical

  $901,634

  Retail

  $1,355,910

Location Insight

City

Maynard

County

Middlesex

State

Massachusetts

Latitude

42.4322

Longitude

-71.4515

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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