Needham Real Estate | Wellesley Realtor Newton, House Hunting Needham, For Sale Needham.

983 Grafton St, Worcester, MA 01604  

Type of Comm.
Lot Size
This 8100 SF retail space is currently leased [$5368 / month] to a long term tenant [AutoZone] on a Triple Net lease which expires in June of 2025. The tenant desires to extend the lease out for an additional 25 years in 5 year increments although these terms have not yet been finalized. The exterior of the block building has been painted recently, brand new roof laid in 2019, newer parking lot and large on street sign for this highly trafficked area. Nearby retail/commercial space includes Goodyear Auto Service, Stop & Shop, Dollar Tree, Burger King, Papa Gino's, McDonalds, Friendly's, Dunkin' Donuts, Gibson's Natural Pet, AP Fish Seafood Market, Jiffy Lube and ScrubaDub! AutoZone utilizes approximately 6400 SF and leaves the remaining 1700 SF vacant so there is additional unused potential. Contact listing agent for video.
Open House
No scheduled Open Houses
Lot Size: 33,750.00
Acres: 0.77
List Price: $900,000
Type: Commercial
Type of Comm.: Commercial
Status: Active
Stories: 1
Buildings: 1
Year Built: 1955
MLS#: 72642189
Elevator: No
Acres: 0.77
Easements: Unknown
Lot Size: 33,750.00
Parking Spaces: 15
Parking Features: 11-20 Spaces, Paved Driveway
Construction: Brick
Roof Material: Membrane
Location: Free Standing
Utilities: Public Water, Public Sewer
Short Sale Lender Approval: No
Lender Owned: No
21E On File: No
Assessed Building Value: $356,300
Condo Assoc.: No
Assessed Land Value: $326,900
Exchange: Yes
Gross Annual Income: $64,419
Taxes: $23,844
Tax Year: 2019
Lien and Encumbent: No
Book/Page: 4614/589
Lease Price Includes: Building, Land
Sublet: No
Special Financing: No
Total Assesed Value: $683,200
Zone Description: Legal Conforming
Retail Sq. Ft.: 8,100
Retail Units: 2
Disclosure Declaration: No
Disclosure: Current tenant has 30 day Right of First Refusal. Tenant has proposed extending lease options in 5 year increments thru 2045 although owner has not finalized. Buyer/Buyer's Agent to perform all due diligence to confirm accuracy of all listing details
For Lease: Yes
Lease Type: Triple Net Lease (NNN)
Space Available: For Sale
Area Sales
Similar Listings
The listing office is Keller Williams Realty and the listing agent is Preston Hall. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/18/2018 2:44:00 PM.