265 Main StNorthborough, MA 01532

Property Details for 265 Main St

Year built

1995

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

1,667 SF

Zone code

BE

Property type

Office properties

Property subtype

Other office properties

APN

NBOR M:0470 L:0003-60

APU

NBORM0470L000360

Description

This exceptional investment opportunity presents two 2,250 square foot office/industrial condominium units available for sale at $325,000 each, totaling 4,500 square feet. Located at 265 Main Street in Northborough, Massachusetts (zip code 01532), this Class B property offers a rare combination of executive office space and warehouse functionality. The units are immediately available and boast convenient access to Route 495, placing businesses within easy reach of major transportation arteries. The property's strategic location on Route 20 provides excellent visibility and accessibility. Furthermore, its proximity to a variety of hotels, restaurants, and shopping centers enhances its appeal and provides employees with ample amenities nearby. Each unit includes a drive-in door, facilitating efficient loading and unloading of goods. This is an ideal property for businesses seeking a versatile and well-situated space in a thriving Massachusetts community. The property is classified as both Office and Industrial, offering a flexible layout adaptable to a range of business needs. Worcester County location provides access to a strong workforce and established business infrastructure. This is a unique opportunity to acquire high-quality commercial space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $275,605

  6.5%

  $254,405

  7%

  $236,233

• Comparable approach

  Method

  Valuation

  Relative Method

  $217,810

  Geo Method

  $217,810

• Alternative Use

  Use

  Valuation

  Residential

  $315,462

  Hospitality

  $288,961

  Educational

  $240,412

  Medical

  $248,680

  Retail

  $373,975

Location Insight

City

Northborough

County

Worcester

State

Massachusetts

Latitude

42.3276

Longitude

-71.6229

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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