88 W Park St - Storefront Retail/Office FOR SALE


Lee, MA 01238
$3,000,000 USD
917-670-6339
88 W Park St, Lee, MA for Sale
$3,000,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | Request Cap Rate

NEW


88 W Park St
Lee, MA 01238


OVERVIEW

Prime Town Center Redevelopment Opportunity. This 17,072 sf Building sits on 1.75 acres with direct access to Downtown Lee and plenty of on-site Parking. It is a former Supermarket Building (see restricted uses). Property has additional frontage on Main Street opposite from the Town Hall. **Price is for Building Only, in "As Is" condition. Seller holds a Ground Lease at initial term of $1/sq.ft. ***Restricted Uses: Property MAY NOT be used as a Supermarket, Dollar Store, Convenience Store or Drug Store. A Restaurant of up to 5000 sq.ft is allowed. ****Property also available for LEASE ONLY at $ 10/sq.ft. "As Is".. EMAIL OR CALL ONLY. AGENT DOES NOT USE MICROSOFT TEAMS OR ZOOM.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$176 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Fast Food, Storefront Retail/Office, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

B

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Steven WeiszWilliam Pitt Sotheby's International RealtyMore Info
917-670-6339

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Steven WeiszWilliam Pitt Sotheby's International RealtyMore Info
917-670-6339

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