
Lot 187 Gardner Rd Winchendon — Photo 1 of 3
$499,000
Investment Analysis — Lot 187 Gardner Rd
Winchendon, MA 01475
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a home in 01475 carries an estimated $1,190/mo in gross rent — about a 1.98% cap rate and $9,888/yr in estimated NOI at the $499,000 list price. Adjust every assumption in the calculator below.
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Bring your business vision to this highly visible location along the Route 140 corridor! With approximately 400 feet of road frontage and an estimated 11,000 vehicles passing by each day, according to MassDOT, this property offers excellent exposure and plenty of potential for roadside signage and business identification, subject to Town approval. The property is conveniently located approximately 315 feet from the Route 12/Route 140 junction and less than 13 miles from Route 2, providing easy access to downtown Winchendon, Gardner, northern Worcester County, and southern New Hampshire. Three-phase power and access to municipal water add to the possibilities. Zoned C-1 (Large-Scale Commercial), the property may support many types of commercial uses, including retail, a convenience store, restaurant,, professional offices, financial institution, car wash, movie theater, and more. The Town’s Zoning District Use Table also notes the possibility of residential development. The property contains harvestable timber, and the owner would like to retain the timber rights. Buyers and buyers’ agents should confirm their proposed use, signage plans, utilities, zoning requirements, and all necessary permits and approvals with the Town of Winchendon.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Walk/Jog Trails • Bike Path • House of Worship • Public School
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Listing Agent: Liza M. Hurlburt Melo
Listing Office: Four Columns Realty, LLC
MLS® Number: 73564528