47 Middlesex TpkeBurlington, MA 01803

Property Details for 47 Middlesex Tpke

Year built

2001

Construction

STEEL FRAME

Lot size

1.16 AC

Property size (Sq ft)

9,897 SF

Zone code

BG

Property type

Retail properties

Property subtype

Retail space

APN

BURL M:000056 P:000066

APU

BURLM000056P000066

Description

This exceptional 3,728 square foot flex space at 47 Middlesex Turnpike in Burlington, MA, presents a unique opportunity for businesses seeking a prime location. The property is part of a larger 6,607 square foot building, classified as Class A, and offers a 14-foot ceiling height, perfect for various uses. The space is immediately available and boasts excellent visibility due to its strategic location minutes from the Burlington Mall and its access to a lighted intersection. Commuting is simplified by its easy access to and from I-95. The area demonstrates strong demographics, with a high average household income of $181,132 within a 5-mile radius. The property is zoned IG, which includes retail and restaurant uses, providing flexibility for a range of businesses. The building features one loading dock, adding to its functionality. High traffic counts on Middlesex Turnpike (179,899 vehicles per day) and Route 3 (28,487 vehicles per day) ensure significant exposure for your business. This is a rare opportunity to secure a highly visible and accessible space in a thriving Burlington submarket. The minimum divisible space is 3,728 square feet, with a total of 3,728 square feet currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $2,405,316

  6.5%

  $2,220,292

  7%

  $2,061,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,258,718

  Geo Method

  $3,258,718

• Alternative Use

  Use

  Valuation

  Residential

  $1,872,900

  Hospitality

  $1,715,566

  Educational

  $1,427,331

  Medical

  $1,476,419

  Retail

  $2,220,292

Location Insight

City

Burlington

County

Middlesex

State

Massachusetts

Latitude

42.4724

Longitude

-71.211

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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