555 Whipple Rd Tewksbury, MA SOLD

$1,500,000
Acres 5.88
Photo of 555 Whipple Rd Tewksbury MA 01876

Sold By

Jeffrey Borstell, J. Borstell Real Estate, Inc.



Description

Investors, Developers, and Builders Take Note - Income-producing property with potential for residential home development!555 Whipple Road, Tewksbury, MA, is a 5.88-acre mixed-use property with frontage on both Whipple and Farwood Roads. The site includes a 3-bedroom, 2-bath vintage-style ranch home with a partially finished lower level, an inground pool, and an attached two-car garage. The residential structure is complemented by a two-story commercial-use office and training facility (approximately 1,160 sq. ft.).Approximately 2.9 acres are currently leased to a commercial transportation company. The lease includes the use of the office and training facility. The portion of the property with frontage on Farwood Road consists of undeveloped land and could be subdivided for residential homes (2 acres).The current residence is unoccupied and could be rented for additional income.Qualified buyers are encouraged to call for additional details.


Listed by RE/MAX Platinum, Scott Jones
Sold by J. Borstell Real Estate, Inc., Jeffrey Borstell

Details

MLS 73287160
Status Closed
Price $1,500,000
DOM 56 days
Type Commercial
Lot Size 5.88 acres
Year Built 1962

Lot & Building Features

Tax Year 2024
Taxes Paid $11,488

Map

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.