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    71 Turnpike Rd Southborough, MA 01772

    Sponsored
    For Sale
    $1,000,000

    Two Buildings, 3,148 SF, High Visibility

    Property size:
    3,148 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Southborough, MA office complex offers 3,148 square feet of space across two separate buildings, situated on Route 9 with high-visibility signage and two curb cuts. The property boasts a desirable Business Village (BV) zoning, allowing for diverse uses including office, retail, residential, clinic, school, and more. The front building, spanning 1,996 square feet over two stories, includes two entrances, seven offices, and private bathrooms on each floor. The rear building, at 1,152 square feet, also features two stories, multiple office spaces, and bathrooms. Built in 1954 and 1997, the property is in excellent, move-in ready condition, ideal for owner-occupancy or investment. Currently 75% occupied as of September 14, 2023, this multi-tenant property presents a unique opportunity. Its strategic location offers easy access to the Mass Pike exit and Route 495, enhancing its appeal to both businesses and employees. The asking price is $1,000,000, with four units available at $250,000 each. The property is offered on a gross lease basis. This presents a flexible opportunity for an owner-user to occupy one or both buildings while leasing the remaining space.

    Property Features for 71 Turnpike Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,148 SF
    Class
    B

    Building Details

    Buildings
    2
    Stories
    2
    Units
    4

    HighLights

    • $1,000,000 asking price for a 3,148 SF multi‑tenant office building in Southborough, MA.
    • Class B, gross lease, 75% occupancy as of September 14, 2023.
    • Two buildings totaling 3,148 SF, built in 1954 and 1997, situated on Route 9 with high visibility.
    • Four units, priced at $250,000 per unit, offering flexibility for owner‑occupancy or investment.
    • BV zoning permits various uses including office, retail, residential, and more.
    Property Profile Location Intelligence

    Current Use by Public Records

    Clausen & Company, CPAs, ... Accounting Firm

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Hair Salon Nail Salon Spa & Massage Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Southborough
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.536786
    Latitude
    42.3092759

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    FAQs

    What type of property is this?
    Office Property / Space - Two Buildings, 3,148 SF, High Visibility
    Where is this office property / space located?
    The property is located at 71 Turnpike Rd Southborough, MA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: $1,000,000 asking price for a 3,148 SF multi-tenant office building in Southborough, MA.; Class B, gross lease, 75% occupancy as of September 14, 2023.; Two buildings totaling 3,148 SF, built in 1954 and 1997, situated on Route 9 with high visibility.
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    Southborough, MA 01772
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    71 Turnpike Rd Southborough, MA 01772
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