127 Lakeside Ave Marlborough, MA 01752
- Commercial real estate
- 6,539 SF
- 1.63 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 127 Lakeside Ave
- Year built
- 1954
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.63 lot acres
- Property size
- 6,539 SF
- Property type
- Commercial real estate
- APN
- MARL M:080 B:029 L:000
- APU
- MARLM080B029L000
Description
This exceptional 4,600 square foot executive office suite is available for immediate occupancy. Located at 127 Lakeside Avenue in Middlesex County, this single-tenant space offers unparalleled convenience and visibility. Situated on a 1.63-acre lot, the Class B building boasts a prime location directly on Route 20, ensuring high visibility for your business. The strategic placement at the intersection of Route 20 and Route 495 provides effortless access to major highways, simplifying commutes for employees and clients alike. The entire 4,600 square feet is currently vacant, presenting a blank canvas for your ideal office layout. The B zoning allows for a variety of uses, making this property exceptionally versatile. Furthermore, the property benefits from its proximity to a wealth of amenities, including restaurants, hotels, shops, banks, and other essential services, enhancing the overall appeal and convenience for your business and its employees. This is a rare opportunity to secure a well-located, spacious, and readily available office space in a thriving Middlesex County location. Don't miss out on this chance to establish your business in a highly visible and accessible location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,800,000
- 6.5%
- $1,660,000
- 7%
- $1,540,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,092,000
- AI Estimate
- $1,190,000
Market price range: $840k - $2.09MMarket price range: $294k - $1.29M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,405,000 Current use
- RESTAURANT
- $1,900,000 Change: +35% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,840,000 Change: +31% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,810,000 Change: +29% Conversion: Difficult
- RETAIL STORES
- $1,765,000 Change: +26% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,505,000 Change: +7% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Marlborough
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.5664
- Latitude
- 42.3425
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA