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73 Canal Street Millbury, MA 01527
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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
Read Less
Bought with Bradford Morse • Century 21 North East