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178 Church St, Northbridge, MA 01588Whitinsville
Commercial
$200,000
Price
1
Buildings
Commercial
Type of Comm.
2,178.00
Lot Size
178 Church St is a 2100 SF building located in the heart of downtown Whitinsville which is the historic district of Northbridge MA. The tenant currently leases the entire first floor which is 1161 SF, tenant pays for all expenses including RE taxes, property insurance, water + sewer, as well as any capital improvements. The lease has 5 years remaining, with the basement being completely vacant. The basement consists of approximately 1600 SF. This space can be used for storage or can be converted into a small self-storage facility to create additional cash flow. Based on 70% LTV @ 5.5 % with a 25 year amortization period this property will produce a 17% cash on cash return.
Highlights
Lot Size:
2,178.00
Acres:
0.05
Area/Village:
Whitinsville
List Price:
$200,000
Type:
Commercial
Type of Comm.:
Commercial
Status:
Active
Restrooms:
1
Stories:
1
Buildings:
1
Total Units:
2
Total Sq. Ft.:
2,322
Year Built:
1928
Approx. GLA:
2,322
Sub Dividable:
U
MLS#:
72445088
Interior
Elevator:
No
Exterior
Acres:
0.05
Space Dividable:
No
Easements:
Unknown
Expandable:
No
Handicap Access:
Unknown
Lot Size:
2,178.00
Parking Spaces:
2
Parking Features:
1-10 Spaces, Street, No parking
Construction:
Stone/Concrete
Railroad Siding:
No
Roof Material:
Rubber
Site Condition:
Dry
Sprinklers:
Yes
Underground Tank:
No
Location:
Suburban
Utilities:
Public Water
Taxes
Short Sale Lender Approval:
No
Lender Owned:
No
21E On File:
Yes
Assessed Building Value:
$84,100
Condo Assoc.:
No
Assessed Land Value:
$51,200
Exchange:
Yes
Tax Year:
2018
Lien and Encumbent:
No
Net Operating Income:
$20,520
Book/Page:
1/1
Lease Price Includes:
Building
Sublet:
No
Plat Plan:
Yes
Special Financing:
Unknown
Survey:
Yes
Total Assesed Value:
$135,300
Zone Description:
Legal Conforming
Features
Retail Sq. Ft.:
1,161
Retail Units:
1
Warehouse Sq. Ft.:
1,161
Warehouse Units:
1
Additional
Disclosure Declaration:
No
For Lease:
Yes
Lease Type:
Triple Net Lease (NNN)
Space Available:
For Sale
The listing office is Marcus & Millichap Real Estate Investment Services and the listing agent is Bradford Carlson. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/18/2018 2:44:00 PM.
John Atchue
RE/MAX Executive Realty
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| John Atchue
RE/MAX Executive Realty 68 Worcester St • North Grafton, MA 01536  Direct: 508-641-8126 • Toll Free: 800-244-9219 Fax: 508-839-7499 [email protected] |
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