MLS® ID: 72539966
408 River St.
Fitchburg, Massachusetts, 01420 $1
Investors take note! Excellent Projected CAP on this Property. At asking price with estimated rents & 25% Vac., this property produces a 13% CAP. A CAP of 10% (25% vac.) this property will support an asking price of $314,430.00. Owner says bring your offers! Located on Rt. 12, 31 & 2A near the corner of Oak Hill Rd. Close to several large apartment buildings and Down Town. High traffic count of 10,117 (2W, 2017). Convenient location close to downtown and residential neighborhoods. Beautifully maintained Retail/Flex building with many updates include new building facade and windows in 2006. One newer heating system. Owners have owned and cared for this building for close to 20 yrs and it shows. Building is set up for (4) approx. 2000 sf retail/flex spaces with 3 bathrooms throughout. Great location for Home Decor (existing business open for 20 yrs, owners retiring), Auto Parts, Restaurant, or Salon/Spa/Nail.