Retail Space on Main
For Sale
Contact for pricing
223 E Main Street, Marlborough, MA 01752
Retail space with 3,774 SqFt available for sale.
Property Size3,774 SF
Price / SF$357.71
Days on Market209
Property Features for 223 E Main Street
General Information
Standard status
Active
Size
3,774 SF
Class
B
Total Parking Spaces
36
Property subtype
Retail, Office, Land
Zoning
B - Commercial
Investment Type
Value Add
Building Details
Year Built
1910
Stories
2
Listing Agency:
Atlantic Retail Boston
Listed By:
Danny Griffin · License #9571654
Source:
Crexi
Added: Mar 26
Changed: Oct 15
Last Checked: Oct 19 at 5:53AM
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 Atlantic Retail Boston
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Investment Insights
Based on property information with market context.
This is a retail space offering 3,774 square feet of space. The property is located on East Main Street in Marlborough, Massachusetts.
Key Highlights
- Retail Property
- 3,774 SqFt
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,243
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,860
$1.1M
Cap Rate 7%
$774,900
$774.9K
Cap Rate 9%
$602,700
$602.7K
Market Conditions
NOI Build-Up for 3,774 SF
Gross rent
$82.9K $21.96/SF
− Vacancy
−$5.4K −$1.43/SF
EGI
$77.5K $20.53/SF
− OpEx
−$23.2K −$6.16/SF
NOI
$54.2K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,860
Cap Rate 7%
$774,900
Cap Rate 9%
$602,700
Alternative Uses
Best Use
Retail
$774.9K
$678.0K – $904.1K
NOI $54,243 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.23M
$1.95M – $2.61M
NOI $156,394 @ 7.0% cap · market cap 11.58%
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
1,298
Businesses Nearby
53k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Dining 25%
Electronics 3%
Dollar Tree
Shops & Services
17,141 visits/mo
0.4 miles
Shell
Shops & Services
12,277 visits/mo
0.4 miles
Starbucks
Dining
9,652 visits/mo
0.5 miles
Citizens Bank
Shops & Services
4,414 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
3,516 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space with 3,774 SqFt available for sale.
Where is this retail space located?
The property is located at 223 E Main Street Marlborough, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Retail Property; 3,774 SqFt
