Current Use by Public Records
- Commercial real estate
Property Details for Turnpike Rd
- Year built
- 1910
- Property type
- Commercial real estate
Description
This exceptional investment opportunity in Southborough, MA, presents two buildings situated on a corner lot at the intersection of Prospect Street and Turnpike Road. The property enjoys a highly visible location on the westbound side of Turnpike Road, offering convenient access to both Boston and Worcester. The main building, 63-65 Turnpike, is a two-story brick structure constructed in 1950. It features commercial space and a half-bath on the ground floor, providing potential for various business ventures. The upper level comprises two two-bedroom apartments, each offering comfortable living spaces. The second building, 61 Turnpike, is a wood-frame structure dating back to 1910. This building also contains two two-bedroom, one-bathroom apartments, one on each floor. The first-floor apartment in this building is currently vacant, presenting an immediate opportunity to increase rental income. The combined property offers significant potential for rental income generation and appreciation. The strategic location and diverse unit mix make this a compelling investment for discerning buyers seeking a multi-family property with strong potential for long-term growth. The asking price for this unique property is $2,500,000. The lot size is not specified.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Southborough
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.504
- Latitude
- 42.295
