List Search

101 Marguerite Ave
Leominster, MA 01453 Outer Fitchburg/Leominster

$460,000

General Retail For Sale  •  4,172 Sq Ft

Property Details

  • Property Type General Retail
  • Total Building Size 4,172 Sq Ft
  • Lot Size 0.42 ac
  • Building Class B
  • Year Built 1970
  • Cap Rate 8.00 %
  • Tenancy Multiple
  • Zoning Commercial (C)
23 Transit Score
66 Walk Score

Description

Location, access, parking, and flexibility. Located 200 ft off of one of Leominster's busiest streets and within a growing commercial district, the property is visible and accessible from Rt. 12 and accessible from highly-traveled Rt. 117. Plenty of parking for customers and employees in front of and behind the building. Currently a salon, 101 Marguerite Ave is truly turnkey for a similar business (equipment negotiable). With a small build-out, the property can handle many commercial uses where showroom/production and office space are needed. Commercial (C) zoning provides for many by-right uses and many other uses through special permits. Reasonable operating costs and recent upgrades & renovations mean less expense upon moving in. This could be the perfect spot for your business!

Highlights

Directly accessed from two of Leominster's busiest roads (Rt. 12 and Rt. 117)
Natural light abounds
Flexible layout

Financial Summary

Cap Rate: 8.00 %
Total Expenses: $12,800

Major Tenants

Tenant SF Occupied Lease End Date
Allure Salon & Spa 4,172 SF

Amenities

  • 24 Hour Access
  • Balcony
  • Fenced Lot
  • Security System
  • Skylights
  • Automatic Blinds
  • Storage Space

Public Transportation

Commuter RailDriveWalkDistance
North Leominster Commuter Rail (Fitchburg/South Acton Line) 7 min - 2.5 mi
Fitchburg Commuter Rail (Fitchburg/South Acton Line) 14 min - 5.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes
Michael Mahan 978-401-0510 Mahan Real Estate
Michael Mahan 978-401-0510 Mahan Real Estate