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1215 Main St Unit 109-112,114, Tewksbury, MA 01876
- $875,000
- List Price
- $875,000
- Status
- ACTIVE
- MLS#
- 73587184
- Year Built
- 1986
Property Description
Unique investment opportunity offering strong cash flow with minimal management in a highly desirable and visible location. Claddagh Place is a well-established office park ideally situated along heavily traveled Route 38 in Tewksbury. This offering includes five separately deeded office condominiums, plus 5 garage bays, all being sold together as one package. Each unit offers approximately 700 square feet of space, with the second-floor units featuring attractive loft areas with exposed wood beams. All five units are currently leased with favorable terms and strong rents, generating $8,020 in total gross monthly rent. This is an ideal opportunity for an investor seeking a hands-off commercial investment with established income, or an owner-user looking to establish a business presence while using rental income from the other units to help offset occupancy costs. Several leases are scheduled to expire within the next year, providing potential flexibility for an owner-user to occupy one or more units in the future.The property offers ample parking and a diverse mix of complementary businesses, creating a well-established professional environment. Each unit also includes a deeded garage parking space at the rear of the building, which the current owner separately rents for additional income. Inquire with broker for financial statements/rent roll.
Additional Information
- Taxes
- $12,031
- HOA Mandatory
- Yes
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Listing courtesy of Listing Agent: Justin Repp from Listing Office: Keller Williams Realty Evolution.
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