617-239-3608
97 Main St, North Reading, MA for Sale
Supermarket - FOR SALE
1/5
null | Request Cap Rate

97 Main St
North Reading, MA 01864


HIGHLIGHTS

  • Redevelopment Opportunity
  • Short Term Tenant allows for short-term cash flow prior to Redevelopment
  • 15 Minutes from Downtown Boston

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to market for sale North Reading Landing, a redevelopment site located at 97 Main Street in North Reading, Massachusetts. Situated in the densely populated suburb that is just 15 miles north of Downtown Boston, the asset o?ers a tremendous redevelopment opportunity to reimagine one of the most signi?cant parcels along this major corridor. North Reading Landing is a 21.19 acre parcel with a local population of 32,453 people within a 3-mile radius earning an average of $197,861 per year. Totaling 70,747 square feet, North Reading Landing is presently partially occupied by a short-term lease to Ocean State Job Lot, a?ording immediate redevelopment potential. The asset includes the 70,747 square foot main structure that was once fully occupied by Stop & Shop, and currently operating Stop & Shop fuel station. This site features direct access from Route 28 (Main Street), which serves as the dominant north-south roadway leading to Interstate 95, and Route 62 (Winter Street).

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

374

LAND DETAILS

LAND ACRES

15 AC

LAND SF

653,400 SF

ZONING

Highway Business

APN/PARCEL ID

NREA-000024-000000-000036

ASK ABOUT THIS PROPERTY

Sam KoonceAtlantic Capital PartnersMore Info
617-239-3608

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Sam KoonceAtlantic Capital PartnersMore Info
617-239-3608

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.