Income Producing property:potential subdivide | 3 Plain Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Income Producing property:potential subdivide 3 Plain Rd
1,786 SF Retail Building Westford, MA 01886 £464,721 (£260/SF) 7.90% Net Initial Yield
Investment Highlights
- Heavy day time traffic on commuter route
- Buildable lot included
- Room to expand for restaurant or garden center
- Residential and, or Commercial zoning
- Well Established Business (50 years)
- Full occupancy
Executive Summary
Double commissions paid to Buyer Agents: Rental property with historic Country Store tenant. Extraordinary opportunity for residential or commercial use. Zoned multi structure Residential, a variance was uniquely granted for commercial use due to the historical significance of the property in town. May be able to be subdivided. The property has a lot of potential for development. It is also an outstanding stable rental property as is with tenant operating a business that has 44 years continuity in this location.
Financial Summary (Pro forma - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,786 SF
Building Class
C
Year Built
1900
Price
£464,721
Price Per SF
£260
Net Initial Yield
7.90%
NOI
£36,728
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Land Acres
0.98 AC
Zoning
Residential with Variance - Residential zoning with variance for deli, bakery, garden center, and foods. Expansion approval for up to an additional 1200 square foot.
Parking
18 Spaces (10.08 Spaces per 1,000 SF Leased)
Frontage
350 ft on Plain Road
Amenities
- 24 Hour Access
- Restaurant
- Signage
- Storage Space
PROPERTY TAXES
| Parcel Number | WFOR-000063-000029 | Total Assessment | £419,117 (2024) |
| Land Assessment | £280,647 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £138,469 (2024) | Tax Year | 2023 Payable 2023 |
PROPERTY TAXES
Parcel Number
WFOR-000063-000029
Land Assessment
£280,647 (2024)
Improvements Assessment
£138,469 (2024)
Total Assessment
£419,117 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023 Payable 2023
-
Marissa Bares - Stony Brook Land Holdings
1 of 25
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Stony Brook Land Holdings
Income Producing property:potential subdivide | 3 Plain Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.