1255 Bridge StDracut, MA 01826

Property Details for 1255 Bridge St

Year built

1972

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.67 AC

Property size (Sq ft)

1,828 SF

Zone code

B3

Property type

Banks

APN

DRAC M:50 L:238

APU

DRACM50L238

Description

This exceptional commercial property at 1255 Bridge Street in Dracut, Massachusetts, presents a unique opportunity for a discerning business. Boasting 2,575 square feet of versatile space, this property is ideally suited for retail or office use. The expansive 0.67-acre lot provides ample parking for over 20 vehicles, a significant advantage in a high-traffic area. Located on Bridge Street, this site benefits from an impressive daily traffic count of approximately 14,000 cars, ensuring high visibility and accessibility for your business. The property enjoys a prime location, shadowed by established businesses such as Market Basket Plaza, McDonald's, Advanced Auto Parts, and Walgreens, creating a synergistic environment and attracting a substantial customer base. This strategic positioning offers excellent exposure and immediate access to a dense concentration of consumers. The property's size and location make it an exceptional investment opportunity for businesses seeking a high-visibility presence in a thriving commercial area. The substantial parking capacity further enhances its appeal, ensuring convenience for both employees and customers. This is a rare opportunity to secure a well-situated commercial property in a highly desirable location. The asking price is $16 million.

• CAP approach

  CAP return

  Valuation

  6%

  $444,268

  6.5%

  $410,093

  7%

  $380,801

• Comparable approach

  Method

  Valuation

  Relative Method

  $601,893

  Geo Method

  $601,893

• Alternative Use

  Use

  Valuation

  Residential

  $345,929

  Hospitality

  $316,869

  Educational

  $263,631

  Medical

  $272,698

  Retail

  $410,093

Location Insight

City

Dracut

County

Middlesex

State

Massachusetts

Latitude

42.6661

Longitude

-71.3029

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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