Downtown Commercial
For Sale
$995,000
132 Central Street, Holliston, MA 01746
VC-zoned downtown parcel with an existing commercial building and potential for redevelopment or mixed-use development, subject to approvals.
Property Size3,900 SF
Days on Market54
Property Features for 132 Central Street
General Information
Standard status
Active
Size
3,900 SF
Property subtype
Industrial / Redevelopment
Building Details
Building Size
3,900 SF
Listing Agency:
Kelleher & Sadowsky
Listed By:
Todd Alexander · License #MA #9521385
(508) 981-7014
Source:
Kelleher-sadowsky
Added: Aug 22
Changed: Oct 13
Last Checked: Oct 12 at 5:40PM
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 Kelleher & Sadowsky
Investment Insights
Based on property information with market context.
This commercial land offering includes an approximately 26,136-square-foot parcel, or 0.60 acres, improved with an existing commercial building. The property is located in Holliston’s Village Center Commercial (VC) zoning district, which supports a range of commercial uses and may allow mixed-use development with residential components, subject to applicable approvals.
Positioned on Central Street in downtown Holliston, the property is near area businesses, restaurants, and residential neighborhoods. Its setting also provides access to major roadways, while the parcel’s existing improvements create a foundation for continued commercial use or future redevelopment.
Positioned on Central Street in downtown Holliston, the property is near area businesses, restaurants, and residential neighborhoods. Its setting also provides access to major roadways, while the parcel’s existing improvements create a foundation for continued commercial use or future redevelopment.
Key Highlights
- Approximately 26,136‑square‑foot commercial land parcel
- Approximately 0.60 acres in downtown Holliston
- Existing commercial building on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,484
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,680
$829.7K
Cap Rate 7%
$592,629
$592.6K
Cap Rate 9%
$460,933
$460.9K
Market Conditions
NOI Build-Up for 3,900 SF
Gross rent
$62.7K $16.08/SF
− Vacancy
−$3.4K −$0.88/SF
EGI
$59.3K $15.20/SF
− OpEx
−$17.8K −$4.56/SF
NOI
$41.5K $10.64/SF
Area
Middlesex County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,680
Cap Rate 7%
$592,629
Cap Rate 9%
$460,933
Alternative Uses
Best Use
Industrial
$592.6K
$518.6K – $691.4K
NOI $41,484 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,615 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Explore this area
Business Placement
Demographics for 01746, MA
14,996
Population
5,774
Households
2.6
Avg Household Size
43
Median Age
66%
College-Educated
96%
High-School Grad
18.7 sq mi
ZIP Area
802
Density / Sq Mi
$154,684
Median Household Income
$75,457
Median Earnings
$1,651
Median Rent
$620,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Commercial land - VC-zoned downtown parcel with an existing commercial building and potential for redevelopment or mixed-use development, subject to approvals.
Where is this commercial land located?
The property is located at 132 Central Street Holliston, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Approximately 26,136‑square‑foot commercial land parcel; Approximately 0.60 acres in downtown Holliston; Existing commercial building on site
