Invest Realty Group
Invest Realty Group
Invest Realty Group
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listing
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Business OpportunityFor Sale
$1,995,000
51 Cass Avenue
Dracut, MA 01826
Listed by: Frank Celeste from Gibson Sotheby's International Realty, (617) 242-4222
MLS Property Information Network
Est. Mortgage
$10,398/mo

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%.

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Information courtesy of Gibson Sotheby's International Realty is subject to verification and is not guaranteed.
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