986 Main StTewksbury, MA 01876

Property Details for 986 Main St

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.01 AC

Property size (Sq ft)

2,183 SF

Zone code

COM

Property type

Banks

APN

TEWK M:0047 L:0080 U:0000

APU

TEWKM0047L0080U0000

Description

This unique retail property, located at 986 Main St in Tewksbury, Massachusetts, presents a rare opportunity. The building, formerly a Bank of America branch, offers 1 square foot of retail space. Situated in Middlesex County, zip code 01876, this property boasts a highly visible Main Street location with excellent access and high traffic volume. The precise configuration and layout of the single square foot are to be determined by the buyer, offering unparalleled flexibility for a variety of creative uses. Given its former use as a bank, the property may benefit from existing infrastructure suitable for secure transactions or specialized retail applications. The property's small size makes it ideal for a unique, niche business or as a supplemental space for an existing enterprise. This is a blank canvas for a visionary entrepreneur seeking a highly visible location in a thriving Massachusetts community. The property is being offered for sale and is ready for immediate occupancy. Further details regarding the property's condition and potential uses are available upon request. Interested parties are encouraged to conduct their own due diligence. The latitude and longitude coordinates are 42.6124925 and -71.2336155 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $530,545

  6.5%

  $489,734

  7%

  $454,753

• Comparable approach

  Method

  Valuation

  Relative Method

  $718,782

  Geo Method

  $718,782

• Alternative Use

  Use

  Valuation

  Residential

  $413,109

  Hospitality

  $378,406

  Educational

  $314,829

  Medical

  $325,656

  Retail

  $489,734

Location Insight

City

Tewksbury

County

Middlesex

State

Massachusetts

Latitude

42.6128

Longitude

-71.2336

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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