120 Gilboa St Douglas, MA 01516
- Industrial properties
- 312,077 SF
- 13.66 lot acres
Current Use by Public Records
- SupremeX / Wholesaler / Manufacturer
Property Details for 120 Gilboa St
- Year built
- 1904
- Construction
- FRAME
- Lot size
- 13.66 lot acres
- Property size
- 312,077 SF
- Zone code
- C
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,940,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,260,000
- 6.5%
- $4,205,000
- 7%
- $4,345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,400,000
- Geo Method
- $4,645,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,465,000
- Retail
- $4,905,000
- Mixed-Use
- $4,370,000
- Hospitality
- $5,190,000
- Educational
- $4,680,000
- Residential Income
- $4,460,000
- Energy
- $5,140,000
- Income-Based Land
- $5,080,000
- Food Service
- $4,570,000
Location Insight
- Map
- Local Demand
- City
- Douglas
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.6996
- Latitude
- 42.0843
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
