321 Fortune BlvdMilford, MA 01757

Property Details for 321 Fortune Blvd

Year built

1989

Construction

STEEL FRAME

Lot size

4.25 AC

Property size (Sq ft)

44,605 SF

Zone code

IB

Property type

Other commercial real estate

Property subtype

Showrooms

APN

MILF M:29 B:098 L:18

APU

MILFM29B098L18

Description

This exceptional opportunity presents 27,463 square feet of vacant medical office space at 321 Fortune Blvd, Milford, MA, 01757. Located in Worcester County, this Class B building offers multiple tenancy options within a 42,000 square foot building. Individual suites range from a minimum of 385 square feet to a maximum contiguous space of 23,351 square feet. The first floor offers suites ranging from approximately 385 to 2,680 square feet, while the entire second floor (approximately 21,353 square feet) is also available and can be subdivided. The property enjoys a highly convenient location directly off Route 85, providing easy access to Route 495 (exit 20, approximately a 4-minute drive) and the Mass Pike (15-minute drive). Its strategic position ensures proximity to a wide array of amenities, including major retailers like Target, Lowe's, and TJ Maxx, as well as numerous restaurants, hotels, and other conveniences. This prime location offers excellent visibility and accessibility for medical practices seeking a thriving and well-connected environment. The property is ideal for medical professionals seeking flexible and adaptable space to meet their specific needs.

• CAP approach

  CAP return

  Valuation

  6%

  $10,840,572

  6.5%

  $10,006,682

  7%

  $9,291,919

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,686,785

  Geo Method

  $14,686,785

• Alternative Use

  Use

  Valuation

  Residential

  $8,441,011

  Hospitality

  $7,731,920

  Educational

  $6,432,867

  Medical

  $6,654,103

  Retail

  $10,006,682

Location Insight

City

Milford

County

Worcester

State

Massachusetts

Latitude

42.1588

Longitude

-71.4989

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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