Mixed-Use Retail/Office Investment
For Sale
$895,000
140 Worcester Providence Tpke, Sutton, MA 01590
Mixed-use retail/office with apartments for sale on Route 146.
Property Size7,648 SF
Price / SF$117.02
Days on Market193
Property Features for 140 Worcester Providence Tpke
General Information
Standard status
Active
Size
7,648 SF
Property subtype
Retail
Building Details
Building Size
7,648 SF
Year Built
1947
Listing Agency:
NAI Glickman Kovago & Jacobs
Listed By:
Jeffrey Borus
(508) 981-6868
Source:
Naiglobal
Added: Mar 27
Changed: Sep 24
Last Checked: Oct 4 at 7:18AM
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 NAI Glickman Kovago & Jacobs
Investment Insights
Based on property information with market context.
This mixed-use property, suitable for retail, office, or residential income purposes, is available for sale. The 7,648 square-foot property features a retail/office space with two apartments, presenting an investment or owner-occupancy opportunity. It is located along a busy section of Route 146 in Sutton, Massachusetts. The surrounding area includes a mix of national retail, local retail, commercial establishments, and residential side streets. The property is situated near an overpass to a divided highway, providing convenient access for travelers in both directions. The current owner has completed numerous updates and replacements in recent years.
Key Highlights
- Mixed‑use property with retail/office space and two apartments
- Investment/owner occupancy opportunity
- Located on busy Route 146 in Sutton, MA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,975
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,379,500
$1.4M
Cap Rate 7%
$985,357
$985.4K
Cap Rate 9%
$766,389
$766.4K
Market Conditions
NOI Build-Up for 7,648 SF
Gross rent
$119.3K $15.60/SF
− Vacancy
−$8.9K −$1.17/SF
EGI
$110.4K $14.43/SF
− OpEx
−$41.4K −$5.41/SF
NOI
$69.0K $9.02/SF
Area
Worcester County, MA
Vacancy
7.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,379,500
Cap Rate 7%
$985,357
Cap Rate 9%
$766,389
Alternative Uses
Best Use
Office B
$1.99M
$1.74M – $2.32M
NOI $139,385 @ 7.0% cap · market cap 15.57%
Second Best
Retail
$1.62M
$1.41M – $1.88M
NOI $113,094 @ 7.0% cap · market cap 12.64%
Theoretical Best
Office A
$2.61M
$2.29M – $3.05M
NOI $182,818 @ 7.0% cap · market cap 20.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Explore this area
Business Placement
Demographics for 01590, MA
9,279
Population
3,359
Households
2.8
Avg Household Size
45
Median Age
47%
College-Educated
97%
High-School Grad
32.5 sq mi
ZIP Area
286
Density / Sq Mi
$155,938
Median Household Income
$62,293
Median Earnings
$1,167
Median Rent
$526,400
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 Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use retail/office with apartments for sale on Route 146.
Where is this mixed-use property located?
The property is located at 140 Worcester Providence Tpke Sutton, MA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Mixed‑use property with retail/office space and two apartments; Investment/owner occupancy opportunity; Located on busy Route 146 in Sutton, MA
