22 Summer StWestborough, MA 01581

Property Details for 22 Summer St

Year built

1900

Construction

FRAME

Lot size

0.11 AC

Property size (Sq ft)

4,774 SF

Zone code

BB

Property type

Office properties

Property subtype

Office buildings

APN

WBOR M:0020 B:000287 L:0

APU

WBORM0020B000287L0

Description

This exceptional property at 22 Summer Street in Westborough, MA presents a rare opportunity for both owner-occupancy and investment. Situated on a 0.11-acre lot, this improved building offers a versatile layout ideal for a variety of uses. The first floor features several private offices, perfect for a small business or professional practice seeking a prominent location. The second floor is equally adaptable, designed to accommodate either a large single tenant or a shared office space configuration. A significant feature is the inclusion of a large, shared conference room, catering to the needs of multiple occupants. The building's design allows for flexibility and customization, making it suitable for a range of businesses and occupancy scenarios. The asking price is $1,100,000. This presents a compelling investment opportunity in a desirable Westborough location, offering strong potential for both rental income and owner-occupancy benefits. The property's size and layout provide significant adaptability, making it a truly unique offering in the current market. Serious inquiries are encouraged to explore the possibilities this property presents. The square footage is not currently available.

• CAP approach

  CAP return

  Valuation

  6%

  $789,285

  6.5%

  $728,571

  7%

  $676,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $623,771

  Geo Method

  $623,771

• Alternative Use

  Use

  Valuation

  Residential

  $903,428

  Hospitality

  $827,535

  Educational

  $688,499

  Medical

  $712,178

  Retail

  $1,070,999

Location Insight

City

Westborough

County

Worcester

State

Massachusetts

Latitude

42.2704

Longitude

-71.6146

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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