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927 Salem Street
Groveland, MA 01834
Asking Price
$450K
Asset Type
Day Care/Nursery Retail
Class
Class B
What's Special
±2.76 AC Land | Retail | Industrial Development Site <ul><li>Two parcels</li><li>Zoning - Industrial</li><li>Permitted Cannabis Use - Yes</li><li>Zoning Use Code - IZ</li><li>Retail Development - Encouraged</li><li>Easement's - No</li><li>Utilities - No</li><li>Septic System in Place - Yes</li><li>Ownership Type - Fee Simple</li><li>Public Water Available on Route 97</li><li>Eligible for the Dover Amendment (MA State Law)</li></ul>
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NOI
$80,000
Cap Rate
17.78%
DSCR
2.99
Strong
Cash-on-Cash
39.47%
Monthly Payment
$2,226.354
Annual Cash Flow
$53,283.746