Mixed-Use Building with Retail
10-16 South Street Westborough, MA 01581
10-16 South Street, Westborough, MA, 01581
$1,700,000
For Sale
$1,700,000
Prominent downtown mixed-use building with street-level retail/office space, lower and second-floor area, and storage basement.
Property Size9,000 SF
Price / SF$188.89
Days on Market148
Property Features for 10-16 South Street
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing agency
Lamacchia Realty,Inc.
Listed by
Mary G. Wood
(617) 680-0690
Source
Inrealtyinc
Added: Feb 24 Updated: Jul 21 at 1:39PM Checked: Jul 21 at 1:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lamacchia Realty,Inc.
Investment Insights
Based on property information with market context.
This highly visible mixed-use commercial building offers street-level storefront space suitable for retail or office use, along with additional finished area across the lower level and second floor. A 1,000-sq-ft basement includes direct access, providing convenient storage for day-to-day operations.
Located in the heart of downtown Westborough at the intersection of Route 30 and Route 135 at the rotary, the property benefits from strong exposure and both vehicle and foot traffic. On-street parking is available directly in front of the building, and a rear parking lot provides additional spaces with convenient back-door access.
The building has undergone numerous capital improvements over the years and is being offered for sale for the first time in decades, presenting a long-held downtown asset for investors or owner-occupants seeking flexible mixed-use space.
Located in the heart of downtown Westborough at the intersection of Route 30 and Route 135 at the rotary, the property benefits from strong exposure and both vehicle and foot traffic. On-street parking is available directly in front of the building, and a rear parking lot provides additional spaces with convenient back-door access.
The building has undergone numerous capital improvements over the years and is being offered for sale for the first time in decades, presenting a long-held downtown asset for investors or owner-occupants seeking flexible mixed-use space.
Key Highlights
- Mixed‑use commercial building with approximately 2,000 SF of street‑level retail or office storefront space
- Additional approximately 6,000 SF across the lower level and second floor for flexible investor or owner‑occupant use
- 1,000 SF basement with direct access for storage
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.4k | $21.60 |
| − Vacancy | −$4.3k | −$0.48 |
| EGI | $190.1k | $21.12 |
| − OpEx | −$57.0k | −$6.34 |
| NOI | $133.1k | $14.79 |
9,000 SF · lease $21.60/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.34M
$2.05M – $2.73M
NOI $164,025 @ 7.0% cap · market cap 9.65%
Second Best
Retail
$1.90M
$1.66M – $2.22M
NOI $133,086 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$3.07M
$2.69M – $3.59M
NOI $215,136 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Prominent downtown mixed-use building with street-level retail/office space, lower and second-floor area, and storage basement.
Where is this mixed-use property located?
The property is located at 10-16 South Street Westborough, MA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Mixed‑use commercial building with approximately 2,000 SF of street‑level retail or office storefront space; Additional approximately 6,000 SF across the lower level and second floor for flexible investor or owner‑occupant use; 1,000 SF basement with direct access for storage
