O,R&L Commercial exclusive listing agent for 1,540 s/f
O,R&L Commercial has exclusively listed for sale or lease a 1,540 s/f retail building located at 181 Boston Post Rd. (Rte. 1). The half acre site is currently the home to Rick D's Deli and Convenience Store previously known as Madison Mini Mart. The store has been in operation for the last 24 years.
The current owners are retiring and the building will be sold or leased with the kitchen equipment, coolers, retail shelving/displays included. The inventory is not included. The building has indoor seating accommodations for 12 with great visibility on Route 1 and is nicely equipped for continued use as a deli/convenience store.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.