153-157 Main St
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153-157 Main St
10,932 SF 75% Leased Retail Building Indian Orchard, MA 01151 $988,380 CAD ($90 CAD/SF)
Investment Highlights
- Significant external building upgrades
- Great location with ample parking
- Prime investment opportunity
Executive Summary
Investment opportunity-
Great opportunity for owner occupier /investor.
Mixed use property with 5 commercial/retail tenants on the first floor with two one bedroom residential apartments on the 2nd floor.
Great corner location with high visibility. Ample on street with additional private rear parking lot.
Current owner has upgraded many of the important asset features including new doors and windows, new exterior façade, new rear parking lot, new roofs, rebuilt chimneys, new rear staircase, new front balcony, new mini-split HVAC in the bar.
All of the tenants are month to month with below market rents. This allows new ownership to decide how they’d like to manage or control the tenancy.
The owner is also open to selling the BAR as part of the sale. Non-disclosure required for any pro forma information regarding the bar.
Great opportunity for owner occupier /investor.
Mixed use property with 5 commercial/retail tenants on the first floor with two one bedroom residential apartments on the 2nd floor.
Great corner location with high visibility. Ample on street with additional private rear parking lot.
Current owner has upgraded many of the important asset features including new doors and windows, new exterior façade, new rear parking lot, new roofs, rebuilt chimneys, new rear staircase, new front balcony, new mini-split HVAC in the bar.
All of the tenants are month to month with below market rents. This allows new ownership to decide how they’d like to manage or control the tenancy.
The owner is also open to selling the BAR as part of the sale. Non-disclosure required for any pro forma information regarding the bar.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
10,932 SF
Building Class
C
Year Built/Renovated
1900/2022
Price
$988,380 CAD
Price Per SF
$90 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.25 AC
Zoning
Business
Parking
8 Spaces (0.73 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signalized Intersection
- Air Conditioning
Nearby Major Retailers
1 of 11
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153-157 Main St
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