47 Main St - Bank FOR SALE


Lee, MA 01238
$995,000 USD
413-243-1739
47 Main St, Lee, MA for Sale
$995,000 USD
Bank - FOR SALE
1/24
null | Request Cap Rate

47 Main St
Lee, MA 01238


HIGHLIGHTS

  • Owner is open to Sale/Lease back.
  • Accessible Approach with Ramp; Handicap Access; Handrails; Wheelchair Access.
  • Architectural plans for second floor apartment and addition to rear will be provided to buyer.
  • Historic 1835 bank building with original character and architectural charm.
  • Prominent Main Street location featuring a 1920 addition and flexible layout.
  • Separate HVAC systems, and updated electric service.

OVERVIEW

Historic former Lee National Bank building is being offered for sale. The front bank area, 47 Main, 1,220 sf was built in 1835. By the turn of the century, the bank and businesses were doing well, trolleys were rolling up and down the county. So in 1920 the bank added a rear bank area, 49 Main, a 1,036 sf addition. The addition does not include the gardens. The front bank area includes the handicap ramp, side entryway and handicap bathroom. Both areas have separate heat and air-conditioning. They are serviced by 200 amp electric. Many original features have been retained. Possible sale/leaseback. 2020-2021 Architectural plans for second floor apartment and addition to rear will be provided to buyer.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$441 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Historic- Lee National Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1835

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

B

APN/PARCEL ID

LEEE-000018-A000000-000000-000560-000560

ASK ABOUT THIS PROPERTY

Rich AldrichSotheby'sMore Info
413-243-1739

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Rich AldrichSotheby'sMore Info
413-243-1739

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