Currently utilized as a luxury automobile dealership, this property is for sale at $3,499,000 or for lease at $26 per square foot on a triple net basis. Owner would consider a lease with option to buy.
Building #1: 9,780 SF with partial second floor currently utilized as a luxury automobile dealership.
Building #2: 1,170 SF currently utilized as a single family dwelling.
Zoning is General Business with permitted uses of retail, day care and auto.
A unique opportunity to purchase an existing recently renovated retail property currently operated as a luxury used car dealership and a rented single family home. The retail building is a 1- and 2-story luxury automobile dealership totaling 9,780 square feet and 1,170 square foot Cape Cod style single-family dwelling with four bedrooms and one bath that is currently rented for $3,000 per month. Existing auto dealership license will remain with the property.
The property is located on Route 138 (Washington Street) at the corner of Halliden Street. This area is fully developed (retail and service) and traffic counts are considerable (30,000+ vehicles per day). Abutting properties include Bank of America to the left (at the corner of Washington and Halliden Streets), an older retail building to the south, and Wendy’s, CVS and a retail strip across Washington Street. Halliden Street is a short side street that is improved with older single-family dwellings. Other nearby commercial properties include Papa Gino’s, Golden Palace restaurant, a Super Stop & Shop, an Eastern branch bank, a Mobil gas station, a Walgreens, a McDonalds, and a Subway.