Closing a Deal on Tewksbury, MA Retail Spaces

When you have a venture, and you need a property where you can perform your critical business-related transactions, Tewksbury can be a fantastic place for you. This town in Middlesex County in Massachusetts is bordered by some bodies of water, namely the Merrimack River on the north and the Shawsheen River on the south.

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This place is a part of the Greater Lowell metropolitan area and is located less than 20 miles from Boston. It is also close to other towns, including Dracut, Andover, Billerica, and Wilmington. Transportation to this area is easy, thanks to the LRTA 12 bus that connects it to other places, specifically Wilmington and Lowell on the Lowell Line of the MBTA Commuter Rail.

Some Properties for Lease and Sale

Some neighborhoods, including Shawsheen, have affordable properties. Commonly, a retail unit in this particular area would cost approximately $15 per square foot per year. The price depends on a variety of factors, including the type of property, the businesses accepted, and whether renting out extra space is possible.

Some buildings not only have one level for the store but also have other units to offer, which may include an office area, warehouse, and other rooms to accommodate the business even further.

Meanwhile, if you are searching for a place to purchase for your company, Main Street is one of the areas to check out. Spaces here typically cost $400k to $500k for a 3,000 square foot site. Usually, this particular offer would provide you with a two-story place that comes with ground floor level that you can use for your store. The second-floor unit can be used for office or as a sublet opportunity.

Additionally, it is easy to find many properties that come with exterior entrance separated for the upper level. Some units can come with basements, which may be finished or partially completed and they can be used for storage. If you are working in a restaurant, you can utilize the lower level for preparing food. The properties typically have excellent frontage with grounds that are well-maintained by the staff.

Tips to Close a Deal

When you have found the right place for your business in this town, it is time to talk to the owner or landlord. You want to make sure you grab the site right away. However, the community has a hot real estate market, specifically for the sellers. Therefore, the buyers often find themselves in a sticky situation where they have to convince the landlord or the owner to pick their offer over the rest.

What is important now is you demonstrate to agents and property managers that you have done your homework about the town and the real estate properties sold here. You can either talk to them on the phone or in person. At this point, you can ask some questions to thoroughly understand and decide whether or not the property is for your business.

Talk about the rental price or the cost of the property if you purchase it. If it is for lease, you want to know about the things included in the payment you provide, which may be the utilities and maintenance. You should also know about the layout of the room and its specific dimensions for the windows, counters, doors, and others.

Some sites can be modified and depending on your venture you may find this beneficial. You may also want to know about your responsibilities as a tenant and the landlord’s duties as well. It can help you to learn whether you need insurance and how much the deposit would be to finally secure the venue.

When the questions above are out of the way, it is time for you to figure out if you will sign a lease or license. In some cases, you will still have to apply for a permit.

List Your Property

If you are the landlord or you are the owner of the unit that you would like to sell, the best way to find a buyer or renter is through listing the property online. This method is not only effective, but it is also quite easy to accomplish as well. You do not have to have prior experience in advertising your location.

Best of all, we can help you complete the job. All you need to do now is contact us and provide us with the necessary details about your property. From there, we will take care of the job of listing the available unit in Tewksbury, which not only gives you assistance but also to those who are searching for a place for their business in this town.

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Retail Space