Sold
51 Cass Avenue
Dracut MA, 01826
$1,850,000
$293.74 per sqft
Sold
3 Baths
6,298 sqft
Commercial
Built in 1962
15.14% CAP RATE! A++ LOCATION! ONCE IN A DECADE OPPORTUNITY TO OWN DRACUT TIRE BUSINESS, LAND & 2 BUILDINGS! ESTABLISHED 58-YEAR-OLD COMPANY. THREE CONTIGUOUS LOTS (38,200 SQFT in TOTAL AREA) consisting of an Automotive repair shop (Dracut Tire), 2 Family Building, and a vacant lot zoned commercial/developable land. MULTIPLE REVENUE STREAMS and potential to rent out the 2 Family Building. Dracut Tire provides: State inspections, Auto Repair, Tire Sales, and is licensed for a used car lot for up to 25 cars. 21E-- Environmental Phase 1 & 2 completed in February of 2022 by Williamson Environmental LLC. The 3 Contiguous lots are: 1265 Lakeview Avenue, 1269 Lakeview Avenue and 51 Cass Avenue in Dracut, MA 01826. Buyer to conduct own due diligence. Projected 2022 NOI is $315,000.00 which would be a projected cap rate of 15.79%.
72969149
MLSⓇ ID
April 20, 2022
Listed
March 25, 2024
Updated
Map
51 Cass Avenue
Dracut MA, 01826
Interior Features
Bathrooms
3 Baths
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.88 Acres
Other Property Details
Taxes
$11,530
Tax Frequency
Annually
Garage
No
Parking Total
20
View
No
County
Middlesex
Pool
No
Zoning
Commercial
Buyer Agency Compensation
2%
Courtesy of Frank Celeste, Gibson Sotheby's International Realty
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Data last updated 7:01 PM UTC, 3/25/2024
