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Listed price in listed location currency (USD).
$199,000

001

MLS® 73398931

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $1,030
Days Active 179
Approx. Age 1920
MLS® Number 73398931

Property Address: 17 Riverlin St, Millbury, MA, 01527-4124

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey Commercial Investment. Proudly owned for over 33 years, fully leased & turnkey commercial property offers a rare opportunity at one of Millbury’s highest-traffic gateway locations. 100% occupancy w/ an auto-renewing lease, this low-maintenance building provides separate tenant-paid utilities, off-street parking & exceptional visibility. Strategically positioned w/ quick access to I-90, I-290 & Routes 9, 20, 122 & 140, ideal for long-term stability & growth. Current CAP rate of 6.8% w/ projected increases to 7.4% (2026) & 8.0% (2027) thanks to built-in rent escalations. Key Investment Highlights: 420± SF commercial building. Fully occupied w/ stable tenant. Lease incl: annual rent increases. Net Operating Income (2025): $13, 514. Minimal landlord expenses (tenant covers most operating costs). Think of it like a 6.8%+ annuity – except it exists & appreciates. Ideal for investors seeking a simple, cash-positive asset with predictable returns in a strong commuter location.
MLS® Number73398931
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1920
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 1, 2025List Date
$199,000List Price
  • Commute

Commute

Starting Address
Destination Address
17 Riverlin St, Millbury, MA

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