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54 Main St - #B1,#B3,#B4,#A5A 5,011 SF Flex Condo Unit Offered at $2,077,815 CAD in Leominster, MA 01453
Investment Highlights
- Cap Rate: ~8.5% strong return
- Layout: 4 commercial condos configured as 19 individual salon suites
- Occupancy & History: Proven rental history with high market demand
- Size: ~5,000 square feet total
- Location: Prime Main Street frontage in Leominster, MA
- Turnkey Income: Fully built-out salon suite model generates diversified income streams from multiple beauty professionals.
Executive Summary
Exceptional turnkey investment opportunity with a cap rate of approximately 8.5%. This listing comprises 4 commercial condominiums, converted into 19 salon suites, perfectly situated in the thriving business area of Leominster. Spanning around 5,000 square feet, this property boasts elegantly renovated salon service spaces, complemented by a reliable rental history. The suites enjoy excellent visibility on Main St and Merriam Ave, enhancing their marketability. Ranging in size, the 19 suites cater to a diverse group of salon professionals. Each suite benefits from accessible plumbing, either within the suite or in shared areas, and three generously sized waiting areas elevate the experience for clients, distinguishing this property from typical salon suite offerings. Don't miss out on this exceptional chance to invest.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 8.67% |
| Sale Type | Investment |
| Cap Rate | 8.67% |
| Sale Conditions | Bulk/Portfolio Sale |
Description
Exceptional turnkey investment opportunity with a cap rate of approximately 8.5%. This listing comprises 4 commercial condominiums, converted into 19 salon suites, perfectly situated in the thriving business area of Leominster. Spanning around 5,000 square feet, this property boasts elegantly renovated salon service spaces, complemented by a reliable rental history. The suites enjoy excellent visibility on Main St and Merriam Ave, enhancing their marketability. Ranging in size, the 19 suites cater to a diverse group of salon professionals. Each suite benefits from accessible plumbing, either within the suite or in shared areas, and three generously sized waiting areas elevate the experience for clients, distinguishing this property from typical salon suite offerings. Don't miss out on this exceptional chance to invest.
Sale Notes
Property Highlights
Cap Rate: ~8.5% strong return
Size: ~5,000 square feet total
Layout: 4 commercial condos configured as 19 individual salon suites
Location: Prime Main Street frontage in Leominster, MA
Occupancy & History: Proven rental history with high market demand
Turnkey Income: Fully built-out salon suite model generates diversified income streams from multiple beauty professionals.
Desirable Layout: Features three large waiting areas that set this property apart from local competitors.
Flexible Infrastructure: Individual or common-area plumbing supports a wide variety of salon and wellness uses.
Business-Friendly Area: Located in a strong retail corridor with high daily traffic visibility.
Broker and agent have ownership interest.
Please do not disturb tenants - Appointment required for viewing.
Cap Rate: ~8.5% strong return
Size: ~5,000 square feet total
Layout: 4 commercial condos configured as 19 individual salon suites
Location: Prime Main Street frontage in Leominster, MA
Occupancy & History: Proven rental history with high market demand
Turnkey Income: Fully built-out salon suite model generates diversified income streams from multiple beauty professionals.
Desirable Layout: Features three large waiting areas that set this property apart from local competitors.
Flexible Infrastructure: Individual or common-area plumbing supports a wide variety of salon and wellness uses.
Business-Friendly Area: Located in a strong retail corridor with high daily traffic visibility.
Broker and agent have ownership interest.
Please do not disturb tenants - Appointment required for viewing.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit B1B3B4A5A | 5,011 SF | Flex | $2,077,815 CAD ($414.65 CAD/SF) | $180,077.30 CAD |
Unit B1B3B4A5A
| Unit Size |
| 5,011 SF |
| Condo Use |
| Flex |
| Price |
| $2,077,815 CAD ($414.65 CAD/SF) |
| NOI |
| $180,077.30 CAD |
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Unit B1B3B4A5A
| Unit Size | 5,011 SF |
| Condo Use | Flex |
| Price | $2,077,815 CAD ($414.65 CAD/SF) |
| NOI | $180,077.30 CAD |
| Sale Type | Investment |
| Cap Rate | 8.67% |
| Sale Conditions | Bulk/Portfolio Sale |
| Description | |
| Exceptional turnkey investment opportunity with a cap rate of approximately 8.5%. This listing comprises 4 commercial condominiums, converted into 19 salon suites, perfectly situated in the thriving business area of Leominster. Spanning around 5,000 square feet, this property boasts elegantly renovated salon service spaces, complemented by a reliable rental history. The suites enjoy excellent visibility on Main St and Merriam Ave, enhancing their marketability. Ranging in size, the 19 suites cater to a diverse group of salon professionals. Each suite benefits from accessible plumbing, either within the suite or in shared areas, and three generously sized waiting areas elevate the experience for clients, distinguishing this property from typical salon suite offerings. Don't miss out on this exceptional chance to invest. | |
| Sale Notes | |
|
Property Highlights Cap Rate: ~8.5% strong return Size: ~5,000 square feet total Layout: 4 commercial condos configured as 19 individual salon suites Location: Prime Main Street frontage in Leominster, MA Occupancy & History: Proven rental history with high market demand Turnkey Income: Fully built-out salon suite model generates diversified income streams from multiple beauty professionals. Desirable Layout: Features three large waiting areas that set this property apart from local competitors. Flexible Infrastructure: Individual or common-area plumbing supports a wide variety of salon and wellness uses. Business-Friendly Area: Located in a strong retail corridor with high daily traffic visibility. Broker and agent have ownership interest. Please do not disturb tenants - Appointment required for viewing. |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- 24 Hour Access
- Atrium
- Banking
- Bus Line
- Controlled Access
- Convenience Store
- Security System
- Signage
- Skylights
- Kitchen
- Fully Carpeted
- Direct Elevator Exposure
- Natural Light
- Plug & Play
- Air Conditioning
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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54 Main St - #B1,#B3,#B4,#A5A
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