Restaurant Property with Lakefront
New
For Sale
$3,450,000
139/127 Lakeside Avenue, Marlborough, MA 01752
A second building offers additional space that may serve the restaurant or accommodate retail or office use.
Property Size11,114 SF
Price / SF$310.42
Days on Market6
Property Features for 139/127 Lakeside Avenue
General Information
Standard status
Active
Size
11,114 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Patio
Yes
Building Details
Year Built
1954
Buildings
2
Listing Agency:
Daniel Patrick Real Estate LLC
(508) 925-0433
Listed By:
Edward Andrade
(508) 728-3406
Source:
Lockandkeyre
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 4 at 9:39AM
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 Daniel Patrick Real Estate LLC
Investment Insights
Based on property information with market context.
Two buildings on one parcel combine a restaurant with a separate structure. The restaurant contains 6,551 square feet and has a stated occupancy of 226 people, with a bar, dining area, private function room and patio overlooking Lake Williams. Built in 1954, the property is on Lakeside Avenue in Marlborough, near I-495 and Route 20.
The additional building contains 4,563 square feet and may be incorporated into the restaurant or leased for retail or office use. Together, the buildings provide 11,114 square feet across the parcel.
The additional building contains 4,563 square feet and may be incorporated into the restaurant or leased for retail or office use. Together, the buildings provide 11,114 square feet across the parcel.
Key Highlights
- Restaurant space totals 6,551 square feet with a 226‑person occupancy
- Bar, dining area, separate function room and patio overlooking Lake Williams
- Second building contains 4,563 square feet; potential restaurant extension, retail or office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$208,179
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,163,580
$4.2M
Cap Rate 7%
$2,973,986
$3.0M
Cap Rate 9%
$2,313,100
$2.3M
Market Conditions
NOI Build-Up for 11,114 SF
Gross rent
$300.1K $27.00/SF
− Vacancy
−$22.5K −$2.03/SF
EGI
$277.6K $24.98/SF
− OpEx
−$69.4K −$6.24/SF
NOI
$208.2K $18.73/SF
Area
Middlesex County, MA
Vacancy
7.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,163,580
Cap Rate 7%
$2,973,986
Cap Rate 9%
$2,313,100
Alternative Uses
Best Use
Specialty Retail
$2.97M
$2.60M – $3.47M
NOI $208,179 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.58M
$5.76M – $7.68M
NOI $460,561 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
45k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 40%
Hotels & Casinos 2%
Dunkin' Donuts
Dining
14,925 visits/mo
0.2 miles
Shell
Shops & Services
12,277 visits/mo
0.4 miles
Mobil
Shops & Services
8,385 visits/mo
0.3 miles
7-Eleven
Shops & Services
5,322 visits/mo
0.1 miles
D'Angelo Grilled Sandwiches
Dining
3,013 visits/mo
0.4 miles
Demographics for 01752, MA
41,793
Population
17,370
Households
2.4
Avg Household Size
40
Median Age
41%
College-Educated
89%
High-School Grad
20.9 sq mi
ZIP Area
2,000
Density / Sq Mi
$95,047
Median Household Income
$49,012
Median Earnings
$1,721
Median Rent
$485,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - A second building offers additional space that may serve the restaurant or accommodate retail or office use.
Where is this conventional restaurant located?
The property is located at 139/127 Lakeside Avenue Marlborough, MA.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Restaurant space totals 6,551 square feet with a 226‑person occupancy; Bar, dining area, separate function room and patio overlooking Lake Williams; Second building contains 4,563 square feet; potential restaurant extension, retail or office use
