85-87 Water St Fitchburg — Photo 1 of 13
$750,000
Investment Analysis — 85-87 Water St
Fitchburg, MA 01420
Based on HUD Small Area Fair Market Rent for Fitchburg-Leominster, MA HUD Metro FMR Area, a home in 01420 carries an estimated $1,140/mo in gross rent — about a 0.54% cap rate and $4,020/yr in estimated NOI at the $750,000 list price. Adjust every assumption in the calculator below.
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Commercial
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This 3/4 acre sute is in the middle of a very active retail setting with retail businesses on both sides of a very busy section (Wallace Plaza across the St) of Route 12 in Fitchburg. It currenntly has a cold storage building on site that may need to be torn down for your best use, but the loacation is fantastic. Currently zoned industrial, but ready to easily be rezoned for your retail use. Definitely worth a look.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Highway Access • Sidewalks
Geography
Property History
$750,000
May 29, 2026
MLS® 73526916
$750,000
Mar 31, 2026
MLS® 73437503
$750,000
Sep 30, 2025
MLS® 73437503
Listing Agent: Bruce Gallant
Listing Office: Century 21 North East
MLS® Number: 73526916
