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Key Details
Sold Price $1,750,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 16,000 sqft
Price per Sqft $109
MLS Listing ID 73124372
Sold Date 10/12/23
Year Built 1961
Annual Tax Amount $30,820
Tax Year 2023
Lot Size 1.500 Acres
Acres 1.5
Property Description
Welcome to 799 Middlesex Turnpike in Billerica, an Investment Opportunity with Tenant Diversification. This free-standing, two-story property includes retail space, office space, off-street parking, and excellent visibility. With over 15,000 square feet of rentable space, the main tenant leases approximately 10,000 square feet, the restaurant Subway leases approximately 1,300 square feet, and over 4,500 square feet of second floor office space is available for lease. This property is an ideal asset for an investor seeking a projected 9+ CAP or for an owner-user. The newly expanded Middlesex Turnpike has become the gateway to this area, bringing new restaurants, apartments, and increased visibility.
Location
State MA
County Middlesex
Zoning 5
Direction Highly Visible Middlesex Turnpike in Billerica
Exterior
Total Parking Spaces 40
Others
Senior Community false
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Bought with Connie Uhm • Coldwell Banker Realty - Weston