Commercial Property For Sale

Multi-Family for Sale
Catylist Listing ID: 30355825
Property Subtypes: Duplex/Fourplex, Mixed Use, Senior Living, Student Housing, Other
Number of Units: 10 Units
Building Size (RSF): 9,468 SF
Gross Building Area: 10,000 SF
Gross Land Area: 2.92 Acres
Sale Price: $495,000
Unit Price: $49,500 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 12/3/2018

Overview / Comments

Excellent opportunity for investor or owner occupant for office/business space. Designed originally as group home. Easily used as-is for similar use. Property consists of two 2-story buildings in excellent condition. Minor work needed including exterior paint on one of the two buildings. Building #1 is 3,420 sqft built originally in 1968 but extensively renovated with little to no work required. Consisting of four 4-person rooms and two 1-person rooms. Building #2 is 6,048 sqft built in 1992 as a group home consisting of six 3-person rooms, and 3 full baths. There is an additional 3600+/- sqft finished in lower level. Both structures have full kitchens, dining areas, meeting rooms, private offices, multiple entry/exit points, decks, exterior stairs etc. Situated nicely on almost 3 acres back from the road on a private lane. Excellent parking and nice level areas surrounding both buildings with outside seating. Zoned VCD Village Center District allowing for multi-family/Residential (highest and best use) apartments, medical facility, restaurant and inn, safe or sober home, possible camp, and much more. See town zoning regulations and additional uses allowed by special permit

Additional Details

Nearest MSA: Worcester
County: Windham
Zoning: ZONED VCD VILLAGE CENTER DISTRICT
Community Amenities: Community Building, Recreation Room, Exercise Room, Business Center
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 3
Year Built: 1983
Year Renovated: 2000
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Doors - Under 10 ft., Gutters, Lighting, Sidewalk, Paved Driveway
Parking Type: Surface
Parking Description: Paved driveway, parking lot
Heat Type: Electricity, Oil
Heat Source: Radiant, Other
Fuel: Oil, Electric
Air Conditioning: Other
Internet Access: Cable
Interior Description: Employee Lounge, handicap design, living space available, public restrooms, security system. Ceramic tile, tile, vinyl , wall-to-wall carpet flooring. Handicap features include 32" minimum door widths, accessible bath, exterior curb cuts, hallways 36+ inches wide, handicap parking, multiple entries/exits, roll-in shower. 4+ Bedroom unit has 2 full baths, 3420 sq.ft., gas cooktop and range, wall oven, microwave, range hood, refrigerator, freezer, dishwasher, disposal, washer and dryer. 3 bedroom unit has 6028 sq.ft., gas cooktop and range, wall oven, microwave, refrigerator, dishwasher, disposal, washer and dryer.
Zoning Description: VCD Village Center District- Some wetlands
Water Service: Municipal, Well
Sewer Type: Municipal, Septic
Legal Description: Available documents: appraisal, demographic data, legal description, photo/survey, plot plan/survey, zoning approval.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,846 8,210 29,367
Median Age: 42.58 40.52 39.57
Households: 561 2,989 11,092

Contact

Photograph of Listing Agent

Brian McCarthy

Home Selling Team CTCList Member
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