Lornell Real Estate
Lornell Real Estate
Listed by Lornell Real Estate
$2,700,000
21-69 Main St
Details
Property Type Industrial, Mixed Use
Sub Type Distribution, Flex
Net Rentable (SqFt) 75,000
Cap Rate 3.67%
NOI $99,000
Occupancy 33%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Year Built 1880
Buildings 1
Stories 3
Acreage 26.250
Zoning B
Parking Spaces spaces
Investment Type Value Add
Loading Docks 4
Industrial, Flex, Retail, Warehouse, Self-Storage
Marketing description
Up to 75,000± SF available in a former mill building in Cherry Valley, just over the Worcester line. This prominently positioned property boasts excellent visibility and access on busy Route 9, making it ideal for a wide range of uses—office, retail, distribution, or light industrial. With over 50,000 SF of leasable space available, this is a prime opportunity for investors to generate income through leasing or for an owner-user to occupy a portion while offsetting costs with tenant income. The building’s flexible layout and zoning allow for creative repositioning and value-add strategies.
Listing Contacts
Lornell Real Estate
Lornell Real Estate
Listed by Lornell Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,000.00
$8,250.00/mo
Valuation Metrics
0
DSCR
3.67%
Cap Rate
3.67%
ROI
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