1300 Main StTewksbury, MA 01876

Property Details for 1300 Main St

Year built

1936

Construction

FRAME

Lot size

0.23 AC

Property size (Sq ft)

2,910 SF

Zone code

COM

Property type

Turn key restaurants

APN

TEWK M:0060 L:0056 U:0000

APU

TEWKM0060L0056U0000

Description

This exceptional mixed-use commercial building, located at 1300 Main St in Tewksbury, MA, presents a unique investment opportunity. The property boasts 10,000 square feet on a 10,000 square foot corner lot, offering high visibility and ample parking. The building, constructed in 1937 and extensively renovated since, features a fully equipped and operational restaurant on the first floor. The restaurant includes a bar, a large kitchen with a takeout area, a spacious dining area, and outdoor seating. A valid cordial license is included. The property also benefits from updated bathrooms, electrical systems, two water tanks, a fully functioning sprinkler system, and a grease trap. The second floor provides approximately 5 rooms and 1.5 baths, currently used as office and storage space, along with a full laundry and sink area. A full basement offers additional storage. The property is zoned for mixed use, allowing for a variety of potential uses, subject to town approval. This turnkey operation is situated in a desirable area with convenient access to major highways. The asking price is $799,999.

• CAP approach

  CAP return

  Valuation

  6%

  $707,232

  6.5%

  $652,829

  7%

  $606,198

• Comparable approach

  Method

  Valuation

  Relative Method

  $958,156

  Geo Method

  $958,156

• Alternative Use

  Use

  Valuation

  Residential

  $550,686

  Hospitality

  $504,425

  Educational

  $419,676

  Medical

  $434,109

  Retail

  $652,829

Location Insight

City

Tewksbury

County

Middlesex

State

Massachusetts

Latitude

42.6047

Longitude

-71.2244

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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