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97 Main St

70,747 SF 100% Leased Retail Building North Reading, MA 01864 For Sale

Investment Highlights

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

Executive Summary

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).

Data Room Click Here to Access

Property Facts Under Contract

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Supermarket
Building Size
70,747 SF
Building Class
B
Year Built
1996
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
15.00 AC
Zoning
Highway Business - Highway Business
Parking
374 Spaces (5.31 Spaces per 1,000 SF Leased)

Nearby Major Retailers

Citizen's Bank
CrossFit

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NREA-000024-000000-000036
Land Assessment
$3,917,400
Improvements Assessment
$4,016,300
Total Assessment
$7,933,700
  • Listing ID: 27669606

  • Date on Market: 2/3/2023

  • Last Updated:

  • Address: 97 Main St, North Reading, MA 01864

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