623 Main St - Auto Dealership FOR SALE


Tewksbury, MA 01876- Central Tewksbury
$8,950,000 USD
617-240-6442
623 Main St, Tewksbury, MA for Sale
$8,950,000 USD
Auto Dealership - FOR SALE
1/18
null | Request Cap Rate

Sep '26


623 Main St
Tewksbury, MA 01876
Central Tewksbury


HIGHLIGHTS

  • Renovated in 2023 with extensive mechanical, interior, and exterior upgrades
  • Positioned directly on Route 38 with quick access to Routes 495, 93, 3, and 28
  • Two-lot configuration with site plan approval and entitlement to combine parcels
  • Parking capacity supported by an approved permit for up to 225 vehicles
  • Modernized showroom, offices, shop, and building systems including HVAC, lighting, and flooring
  • High-performing trade area drawing from Tewksbury, Lowell, Wilmington, Billerica, Andover, Chelmsford, and Burlington within 5–10 miles

OVERVIEW

This exceptional automotive dealership opportunity offers a rare chance to acquire a fully modernized, turn-key property strategically positioned along Route 38 in Tewksbury, one of the region’s most active commercial corridors. Extensively renovated in 2023, the asset reflects a meticulous commitment to quality, with comprehensive upgrades spanning interior finishes, mechanical systems, building infrastructure, shop functionality, and site enhancements. The main dealership building benefits from updated HVAC with a new heat pump, refreshed hot water systems, upgraded high-bay and exterior LED lighting, newly installed ceramic tile flooring, complete bathroom renovations, fresh interior and exterior paint, new ceiling tiles and showroom lighting, resurfaced and epoxy-coated shop floors, and seamless integration of WiFi and data lines throughout the building. The service area features twelve heated and air-conditioned bays, thirty-foot high bays, ten-foot garage doors, updated air lines, and a fully re-striped parking lot, ensuring operational efficiency for high-volume service demands. This property sits on two lots (#611 and #623). One features a thriving green auto dealership, while the other holds a house ready for demolition, offering extra space to grow your business. The owners have already secured permits, completed testing and approvals, and disconnected utilities. Together, the lots span 3.02 acres, with 140 parking spots at the dealership and room for up to 85 more on the second lot. The city has approved a total of 225 parking spaces between both lots. Real Estate only for sale.

FOR SALE DETAILS

PRICE

$8,950,000 USD

PRICE/SF

$584 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Turn-key Property on Rt. 38

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

140

LAND DETAILS

LAND ACRES

3.02 AC

LAND SF

131,551 SF

ZONING

General Business

APN/PARCEL ID

TEWK-000034-000000-000048

ASK ABOUT THIS PROPERTY

Caryn GorczynskiCenter Home TeamMore Info
617-240-6442

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Caryn GorczynskiCenter Home TeamMore Info
617-240-6442

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