1. Massachusetts
  2. Millbury
  3. 17 Riverlin St
$199,000

17 Riverlin St, Millbury, MA 01527

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon2,178sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property 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.

Listing Status:
Active
Date Added:
July 1, 2025 at 05:00AM
Listing Office:
OwnerEntry.com : 617-542-9300
Listing Agent:
Dave White : 617-542-9300
MLS ID:
73398931
  • Roofing: Rubber

This listing courtesy of Dave White, OwnerEntry.com

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

Elmwood Street

40 Elmwood St, Millbury, MA, 01527

Grades PK-3

1.17 miles away

M

Millbury Junior/Senior High School

12 Martin St, Millbury, MA, 01527

Grades 7-12

0.92 miles away

M

Millbury Junior/Senior High School

12 Martin St, Millbury, MA, 01527

Grades 7-12

0.92 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.