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160 Main StreetSpencer, MA 01562MLS Number 72752685

  • Price: $700,000
  • 23 Days on Market
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Federal 30-year interest rate: 2.72% last updated on Nov 25, 2020
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160 Main Street Spencer MA 01562160 Main Street Spencer MA 01562
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  • 0.34Acreage
  • 2004Year Built
  • 5,080Square Feet
Well maintained commercial building located at the well traveled intersection of Rt 31 and Rt 9, in the city's heart, across from the Town Hall. Built in 2004. Great business location, long term tenant with successful Dollar store business with ample parking. This strip plaza is being offered with an NOI of $70,200 representing a 10% Cap rate and almost 22% cash to cash. There is a new, absolutely NNN 10 years lease and 3 options 5 years/each, the total is 25 years in place. This building will generate money with zero responsibility.
Listed by Sam Takla of Coldwell Banker Realty - Framingham

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More Info

Parking

  • Parking Spaces12
  • Parking FeaturePaved Driveway
  • Total Parking Spaces12

Building

  • Year Built2004
  • ConstructionFrame
  • Total Units2
  • Total Bldg Sf5080
  • Reu Units2
  • No Buildings1
  • No Of Restrooms4
  • No Stories1
  • SprinklersYes
  • Sub DividableNo
  • Entry OnlyNo
  • ElevatorNo
  • Assessed Value Bldg340600
  • DividableYes
  • Undrgrnd TankNo

Auction

  • Special FinancingNo

Photos

  • Photo Date2020-11-04T11:16:00
  • Number of Photos2

Basic Information

  • MLS Number72752685
  • Prop TypeCI
  • Status Date2020-11-04T11:16:00
  • Date Listed11/04/2020
  • List Price$700,000
  • Price Per Square Foot$138
  • LeaseNo
  • Lease Price IncludesBusiness
  • Lease TypeTriple Net Lease (NNN)
  • DirectionAt the junction of route 31 and route 9
  • MLS StatusActive

Exterior

  • Railroad SidingNo
  • Roof MaterialRubber

Utilities

  • UtilitiesPublic Water, Public Sewer, Natural Gas, 220 Volts

Location

  • StreetMain Street
  • TownSpencer
  • StateMA
  • Zip01562
  • Zip Code 42115
  • CountyWorcester
  • LocationDowntown, Strip

Property

  • Acreage0.34
  • Net Operating Inc70200
  • Space AvailableFor Sale
  • Site ConditionImproved
  • Square Feet5,080
  • SubletNo
  • Lot Size14800
  • Traffic Count4000
  • Gross Annual Income70200
  • Handicap AccessNo
  • Condo AssociationNo
  • Assessed Value Land50700
  • Main LoAN6181

Other

  • Modification Date2020-11-26T01:35:00
  • Certificate Number109252
  • Property TypeCommercial
  • Listing AlertNo
  • EasementsNo
  • Year Built SourcePublic Record
  • DisclosureYes
  • DisclosuresThe A/C system, plumbing, gas pipes and electricity are brand new.
  • Book56035
  • Listing AgreementExclusive Right to Sell
  • Ref Bldg Sf5080
  • Plat PlanYes
  • ExchangeNo
  • Page253

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 its 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.

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