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424-438 Main St
Fitchburg, MA 01420
Retail Property For Sale
Investment Highlights
- Main St, Heavy Traffic, Next to Municipal Garage, Close to Train Station, 17 Approved Residential Units
- Opportunity Zone,
- Open Space
Executive Summary
Back on the Market due to Buyers Financing!! Are you looking to build a mix use 17 unit apartment building? Already approved by the Fitchburg Planning Board in 2025, this project will allow a buyer to build 17 Residential Apartments, office space and a drive under garage which includes 27 parking spaces. The plan includes 1 and 2 bedroom apartments, 2 levels of living space, and additional storage in the basement. The building offers over 34,000 Sq Ft of space, is adjacent to a 200+ public parking garage, and is only 1/4 mile to MBTA commuter rail as well as Fitchburg State University. The space is gutted and ready to be developed.
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Building Size
34,400 SF
Building Class
C
Year Built
1948
Price
$751,097 CAD
Price Per SF
$21.83 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.21
Lot Size
0.36 AC
Opportunity Zone
Yes
Zoning
CBD - Building is in an OPPORTUNITY ZONE. Allows for Retail/Office/Apartments.
Parking
45 Spaces (1.31 Spaces per 1,000 SF Leased)
Frontage
91’ on Main St
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | FITC-000043-000004 | Improvements Assessment | $879,436 CAD |
| Land Assessment | $153,656 CAD | Total Assessment | $1,033,092 CAD |
Property Taxes
Parcel Number
FITC-000043-000004
Land Assessment
$153,656 CAD
Improvements Assessment
$879,436 CAD
Total Assessment
$1,033,092 CAD
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