270 Main St - Storefront Retail/Residential FOR SALE


Marlborough, MA 01752
$4,050,000 USD
203-692-2420
270 Main St, Marlborough, MA for Sale
$4,050,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 8.36% Cap Rate

270 Main St
Marlborough, MA 01752


HIGHLIGHTS

  • 44-Unit Mixed-use Rooming House
  • Recent Capital Improvements
  • (4) Retail, (37) Rooms, (1) Studio & (2) Two One Bedroom Units
  • On-site Laundry
  • Fire Alarm & Sprinkler System
  • Tenant Reimbursements

OVERVIEW

Northeast Private Client Group is pleased to present The MacDonald Hotel Rooming House, a 44-unit mixed-use rooming house located at 270 Main St in downtown Marlborough, Massachusetts. The Macdonald Hotel is comprised of (4) retail, (37) rooms, (1) studios & (2) one bedroom units. Retail tenants are responsible for their own electric, heat & hot water as well as their own trash removal and water & sewer reimbursements. Landlord is responsible for the rooms electric, heat (oil) & hot water (gas). Rooming house tenants pay weekly. The property has recently received numerous capital improvements including rubber roof (5 years), fire system, bathrooms, security system (32 cameras), etc. Boiler is approximately 20 years old. The Macdonald Hotel boasts on-site laundry, sprinkler system, keyless fob door, downtown location with close proximity to restaurants, shops, other amenities. Behind the property there is free parking overnight provided by the city of Marlborough. All interested and qualified parties can obtain additional information and walk the premise upon request.

FOR SALE DETAILS

PRICE

$4,050,000 USD

PRICE/SF

$784 USD /SF

CAP RATE

8.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

B, Marlborough

APN/PARCEL ID

MARL-000069-000218

ASK ABOUT THIS PROPERTY

Edward JordanNortheast Private Client GroupMore Info
203-692-2420

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Edward JordanNortheast Private Client GroupMore Info
203-692-2420

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