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214 Wilbraham Street
Palmer, MA 01069
Asking Price
$3.50M
Asset Type
Auto Shop Retail
Class
Class B
What's Special
Long term successful towing business <p><strong style="color: rgba(0, 0, 0, 1)">Highly Successful Business Opportunity awaits new owners. "Labontes + Son Towing" 100+ years of service, prime location on RT #20 in Palmer near the Wilbraham line with access to MA Pike. Two commercial buildings on site one as the towing company and the other currently a stone statue store. Three to four shop bays, natural gas, town sewer, well water, three separate meters and phase three, contracts with several surrounding towns, one bedroom apartment
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NOI
$80,000
Cap Rate
2.29%
DSCR
0.38
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,316.09
Annual Cash Flow
$-127,793.084
