120 Gilboa StDouglas, MA 01516

  • Industrial properties
  • 312,077 SF
For Lease
$2/SF/YR View listing

Property Details for 120 Gilboa St

Year built
1904
Construction
FRAME
Lot size
13.66 AC
Property size (Sq ft)
312,077 SF
Zone code
C
Property type
Industrial properties
Property subtype
Other industrial properties
APN
DOUG M:0138 B:0000043 L:
APU
DOUGM0138B0000043L

Description

This exceptional industrial property at 120 Gilboa Street in Douglas, Massachusetts, offers two warehouse units available for lease. Located in Worcester County, this 300,326 square foot building, constructed in 1904, provides a unique opportunity for businesses seeking flexible space options. The property boasts ample on-site parking, a significant advantage for employees and deliveries. Unit 1 comprises approximately 7,169 square feet, ideal for smaller operations, while Unit 2 offers a substantial 40,000 square feet of space, primarily suitable for dry storage. Both units share a convenient loading area. The minimum divisible space is 7,169 square feet, with a maximum contiguous space of 40,000 square feet. Currently, 47,169 square feet of space is vacant. The property's strategic location provides easy access to Route 146, making it an excellent choice for businesses serving both the Worcester and Providence markets. The building consists of two suites in total. This property presents a rare opportunity to secure warehouse space in a desirable location with excellent access to major transportation routes. The property is zoned for industrial use. The lease terms are Net, Net, Net (NNN). Unit 1 is priced at $8 per square foot NNN, and Unit 2 is priced at $2 per square foot NNN. Contact us today to learn more about this exceptional opportunity.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $59,057,176
    Hospitality
    $54,096,056
    Educational
    $45,007,284
    Medical
    $46,555,152
    Retail
    $70,011,328
120 Gilboa St, Douglas, Massachusetts
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Location Insight

City
Douglas
County
Worcester
State
Massachusetts
Latitude
42.0843
Longitude
-71.6996
CBSA code
49340
CBSA name
WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$137,507
$3,146,900
$7,023,700
$10,170,600
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