263 Main St - Freestanding FOR SALE


Acton, MA 01720
$1,900,000 USD
978-502-2276
263 Main St, Acton, MA for Sale
$1,900,000 USD
Freestanding - FOR SALE
1/9
null | 10.22% Cap Rate

263 Main St
Acton, MA 01720


HIGHLIGHTS

  • Massive Visibility and Road Frontage: on hard corner of Acton's busiest intersection - Main Street (RT 27) and Mass. Ave. (RT 111).
  • Permits: Town approval for additional 3,300sf for four (4) 2-bed apartments. Office allowable with Special Permit.
  • Turn-Key Restaurant Site: on town sewer, 1000 gal. grease trap. Kitchen hood installed with ansul system. 3-phase electric. Dedicated parking lot.
  • Centrally Located: Steps away from two Stop N Shop and Roche Brothers and many restaurants, 1/8 mile from AB Regional School Complex (4,000 stud'ts).

OVERVIEW

REDEVELOPMENT OPPORTUNITY: A turnkey investment and development opportunity in the heart of Acton's growing Kelley's Corner village center. Stand-alone mixed-use building with 2,200SF of first-floor retail with a dedicated parking lot - available now. Well-suited for owner-operator and youth/family-oriented concepts (food, salon, test prep, medical/PT, dental) and a by-right, permitted development opportunity to perform renovation on the upper floors (2 and 3) of the existing 3,300 SF as four (4) loft-style two-bedroom units. A construction estimate is provided. Town approval for apartments (by right) or office (special permit).

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$864 USD /SF

CAP RATE

10.22%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

Mixed-use

APN/PARCEL ID

ACTO-000003F-000113

ASK ABOUT THIS PROPERTY

Chris StarrKelley's Corner LLCMore Info
978-502-2276

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Chris StarrKelley's Corner LLCMore Info
978-502-2276

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.