Main Street Residences: Prime Multi-Family Investment Opportunity in Wilmington

380 Main St., Wilmington, MA

$950,000

Price

$59,398

NOI

4,415 sqft

Building Size

Gallery
Street
Map
Overview
NOI
$59,398
Building Size
4,415 sqft
Lot Area
0.17 acres
Units
6
Year Built
1846
Zoning
011C
Floors
3
Parking Spots
7
Description

Wilmington is strategically located in Middlesex County, just north of Boston, which is a hub for business and commerce in New England. It is easily accessible via major highways such as I-93 and I-95. The town of Wilmington has a highly educated and skilled workforce, with a range of industries that offer a variety of job opportunities. Wilmington has a business-friendly environment, with a supportive local government and a range of programs and incentives designed to attract and retain businesses. The town offers tax incentives, low interest loans, and other support programs to encourage commercial investment. Wilmington is a vibrant and attractive community, with a high quality of life that appeals to businesses and their employees. With numerous parks, cultural institutions, and recreational opportunities, the town offers a range of amenities that make it an ideal place to live, work, and do business. Wilmington is a picturesque town with a rich history and a welcoming community, offering the perfect blend of small-town charm and modern conveniences.

Shawsheen Elementary School

Mixed-use retail and residential opportunity in Wilmington - steps from the train station.

Wilmington High School

Mixed use residential and retail property. Rents currently below market.

On-site manager available if needed.

Directly across from the Wilmington commuter rail station.

This mixed-use building is at 100% occupancy. Rents currently below market. On-site handyman available if needed. Located directly across from the Wilmington Station on the Lowell Line, 24 minutes from Boston. Easy access to I-93 off busy Highway 38. 7 on-site parking spots with short-term overflow parking available next door. Retail tenant and 4 of the residential tenants are tenants at will, with one 1-bedroom apartment is leased through 11/31/23. Financials and utility information available to qualified buyers. Wilmington Plaza shopping center is 3/4 mile up the highway. Zoned Central Business: retail, office, bank, limited service restaurant, lodge & club, craft shop, personal service shop. The retail front is occupied by Designs by Don, a thriving florist shop established in 1989. Historic 1846 building.
380 Main Street is nestled within a mix of residential neighborhoods, commercial districts, and industrial parks, this property offers the perfect blend of convenience, accessibility, and comfort. With its close proximity to the Interstate and two commuter train lines to Boston, commuting is a breeze. Additionally, there are plenty of family-friendly activities in the area, making Wilmington an attractive place to live and work.

Zoned Central Business: retail, office, bank, limited service restaurant, lodge & club, craft shop, personal service shop.

Highlights
  • Annual Tax: 4428.23
  • Average Occupancy Rate: 100.0
  • Gross Income: 81360.0
  • Age: Over 50 Years Old
  • Cooling: Window A/C
  • Heating Fuel Type: Gas
  • Lot Size: Under 1/2 Acre
  • Sewer: City
  • Water: City Water
Documents
This listing was syndicated through:

Listing ID: 461f906d-fb45-4e9a-a728-8195b989f712
Location
Gallery