Millbury, MA 01527,73 Canal Street
Millbury, MA 01527,73 Canal Street
Millbury, MA 01527,73 Canal Street
6
$1,190,000
$1,200,000
0.8%
Est.Price: ?

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7,200 SqFt

73 Canal Street Millbury, MA 01527

Est. payment /mo
SOLD DATE : 12/07/2022

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Key Details

Sold Price $1,190,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 7,200 sqft

Price per Sqft $165

MLS Listing ID 72997869

Sold Date 12/07/22

Year Built 2000

Annual Tax Amount $8,304

Tax Year 2022

Lot Size 10,890 Sqft

Acres 0.25

Property Description

73 Canal Street is a 6-unit freestanding double-net investment property located at the signalized corner of Canal Street and Riverlin Street in Millbury, MA. This investment opportunity is being offered at $1,200,000 which represents a 5.69% in-place capitalization rate, and an attractive pro-forma cap rate of 7.02%. The property's tenant roster is anchored by Select Physical Therapy, who just renewed their lease for an additional five year term, showing commitment to the location. With a long-history of consistent leasing, this plug-and-play opportunity is perfect for buyers seeking stable in-place cash flow from day one with high upside-potential.

Location

State MA

County Worcester

Zoning L1

Direction 1/2 mile east of town center

Exterior

Total Parking Spaces 19

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Listed by NAI Glickman Kovago & Jacobs
Bought with Bradford Morse • Century 21 North East

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agent

Edmy Pierre

Agent | License ID: 9563499

+1(857) 302-7140

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