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    Property profile & analytics
    OFF-MARKET Estimated value $2,080,000
    Manufacturing properties

    159 Chestnut St, Ashland, MA 01721-1850

    21,600 SF 2.52 ac lot Built 1970
    Entity Owned 9-yr Hold Free & Clear
    Property ID
    US38-1022376
    Property summary
    AI-generated overview

    This exceptional property at 159 Chestnut Street in Ashland, Massachusetts offers 11,000 square feet of immediately available office and flex lab space for lease. Located in Middlesex County, this two-story building totals 21,600 square feet and sits on a 2.58-acre lot. The space is ideal for a variety of uses, with a minimum divisible space of 5,000 square feet and a maximum contiguous space of 11,000 square feet. Ceiling heights range from 8 to 13 feet, providing ample vertical space. The building is zoned for industrial use and boasts robust power capabilities, including 480 AMPS and solar power. Parking is readily available, with a ratio of 3.5 spaces per 1,000 square feet. This is a unique opportunity to secure high-quality office and/or lab space in a desirable location. The property is currently configured as a single suite, offering flexibility for a single tenant or the possibility of subdividing (subject to terms). The zip code is 01721. Don't miss this chance to establish your business in this well-situated Ashland property.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1970
    Total area 21,600 SF
    Lot 2.52 ac (109,771 SF)
    Zoning code 30
    APN ASHL M:020.0 B:0035 L:0000.0
    UPID US38-1022376
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.31M
    Blend (final) Blend
    $2.08M
    Owner & transaction history
    Karaneil LLC · 9 yrs held
    Karaneil LLC
    since 2016
    7 recorded transactions
    2020
    2020
    2019
    2016
    2014
    2014
    2009
    $950,000
    Zoning & alternative use
    30 · Ashland, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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