Two-Building Retail
26-28 Central Square, Chelmsford, MA 01824
For Sale
New
$1,550,000
Two separate commercial buildings are being sold together at a town-center crossroads, with parking at one building.
Property Size1,954 SF
Lot Size0.27 Acres
Price / SF$332.05
Days on Market6
Property Features for 26-28 Central Square
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Lease Term
Site & Location
Drive-Thru
Highway Access
Road Access
Building Details
Building Size
Year Built
Buildings
Stories
Owner Occupied
Listing Agency:
Global Realty Network, Inc.
(800) 494-2400
Listed By:
Paul-Ratha Yem
(617) 459-3000
Source:
Iverty
Added: Nov 2
Changed: Nov 7
Last Checked: Nov 7 at 4:49AM
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 Global Realty Network, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering combines two stand-alone, one-story commercial buildings on adjoining parcels. The masonry building at 28 Central Square contains 3,588 square feet, plus a 640-square-foot drive-up canopy, and has paved parking for approximately 10 vehicles. Its open layout supports retail, office, service, or medical use, subject to Town verification. The 1,080-square-foot wood-frame building at 26 Central Square is owner-occupied, with a seller leaseback available. It has no on-site parking; on-street and municipal parking are nearby. Both parcels are zoned CV (Center Village), and the buildings must be purchased together.
The property fronts Central Square at the meeting point of Chelmsford Street, Billerica Road, Boston Road, and North Road. Restaurants, shops, banks, Town offices, and the Town Common are in the surrounding area, with Route 3 and I-495 a short drive away.
The property fronts Central Square at the meeting point of Chelmsford Street, Billerica Road, Boston Road, and North Road. Restaurants, shops, banks, Town offices, and the Town Common are in the surrounding area, with Route 3 and I-495 a short drive away.
Key Highlights
- Two one‑story buildings offered together on adjoining parcels
- 28 Central Square: 3,588 square feet plus a 640‑square‑foot drive‑up canopy
- Paved parking for approximately 10 vehicles at 28 Central Square
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,092
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,341,840
$1.3M
Cap Rate 7%
$958,457
$958.5K
Cap Rate 9%
$745,467
$745.5K
Market Conditions
NOI Build-Up for 4,668 SF
Gross rent
$102.5K $21.96/SF
− Vacancy
−$6.7K −$1.43/SF
EGI
$95.8K $20.53/SF
− OpEx
−$28.8K −$6.16/SF
NOI
$67.1K $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%
$1,341,840
Cap Rate 7%
$958,457
Cap Rate 9%
$745,467
Alternative Uses
Best Use
Retail
$958.5K
$838.7K – $1.12M
NOI $67,092 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.76M
$2.42M – $3.22M
NOI $193,441 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 01824, MA
26,881
Population
10,301
Households
2.6
Avg Household Size
44
Median Age
57%
College-Educated
96%
High-School Grad
18.1 sq mi
ZIP Area
1,485
Density / Sq Mi
$141,337
Median Household Income
$75,753
Median Earnings
$2,076
Median Rent
$590,900
Median Home Value
Market
Average Price Trend$/SF for Retail space in Middlesex County, MA
Properties on Market for Retail space in Middlesex County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Two separate commercial buildings are being sold together at a town-center crossroads, with parking at one building.
Where is this retail space located?
The property is located at 26-28 Central Square Chelmsford, MA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Two one‑story buildings offered together on adjoining parcels; 28 Central Square: 3,588 square feet plus a 640‑square‑foot drive‑up canopy; Paved parking for approximately 10 vehicles at 28 Central Square
