Prime Restaurant or Retail Space in Downtown Georgetown

1 West Main Street, Unit 1 Georgetown, MA 01833

1 West Main Street, Unit 1, Georgetown, MA, 01833
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FOR LEASE
Property Type:
Strip Center
Amount:
Please Call Broker for Price

Last Verified:
Jan 12, 2023

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Highlights

  • Situated in the center of downtown Georgetown
  • High Visibility to over 15,000 vehicles per day
  • Large Windows, Lots of Light, High Tin Ceilings

Description

Prime restaurant or retail space with loads of light from large windows and high tin ceilings in the center of downtown Georgetown. Unit 1 was for many years a popular restaurant that has now been gutted to the studs and is ready for your vision. This is a great opportunity to open your breakfast/lunch diner, upscale dining or retail establishment.

This 1,577 square foot space is ideally situated at the primary intersection in town, with high visibility to over 15,000 vehicles per day: Route 133 (Main Street), Route 97, and North Street, just 2 miles from I-95. Retail neighbors include Dunkin Donuts, Salem Five, Napa Auto Parts, Crosby Market, Mobil, CVS, and The Spot restaurant.

This is a NNN lease, the tenant will pay base rent, utilities, and a proportionate share of the NNN expenses. Landlord will negotiate TI $ and more for the right tenant. Prospective tenants are encouraged to perform due diligence as to measurements and suitability of the space for their intended purpose.

I-95 to Route 133, two miles to the center of Georgetown.


Year Built: 1925
Building Size: 6365sq ft
Lot Size: 0.23 acres

Units for Lease

1 West Main St. Georgetown MA
Space Available: 2249 SF
Lease Type: NNN

Price Per Sqft/Month: $15.00

Map of 1 West Main Street, Unit 1, Georgetown, MA, 01833

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.