162 Cordaville Rd, Southborough, MA 01772-1838
- Commercial real estate
- 5,680 SF
- 10.52 lot acres
Current Use by Public Records
- Yama Fuji Asian Cuisine / Restaurant
- Hashtag Beauty Lounge / Hair Salon
- Eros Gourmet Pizza & Deli / Restaurant
- Karma Chiropractic / Alternative Medicine Practice
- Sandy's School / Daycare Center
Property Details for 162 Cordaville Rd
- Year built
- 1998
- Lot size
- 10.52 lot acres
- Zone code
- I
- Property type
- Commercial real estate
- APN
- SBOR M:028.0 B:0000 L:0017.0
- APU
- SBORM0280B0000L00170
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 16, 1999 | $5,300,000 | Cordaville Assoc LLC | Town Center RT | Grant Deed | $4M · Metrowest Bank |
| Jul 22, 1997 | $725,000 | Bldr RT | Bonsco INC | Grant Deed | $2.9M · Boston Federal Savings Bank |
Description
Town Center, a Class A retail property in Worcester County's The Boroughs submarket, offers a prime 1,813 square foot retail or medical office space for lease. Located at the intersection of Route 85 and Route 9, this easily accessible location provides excellent visibility and convenience for commuters traveling between Hopkinton, Southborough, Boston, and Worcester. The property consists of two single-story buildings totaling 32,610 square feet, encompassing fifteen suites. Currently, 1,813 square feet are vacant and immediately available. This space represents the minimum divisible unit, and the maximum contiguous space available is also 1,813 square feet. Built in 1998, the property sits on 10 acres of land and features ample parking, enhancing the shopping experience for customers. The center boasts upgraded pylon signage, ensuring high visibility for tenants. The property is designed for walkability, creating a welcoming and convenient atmosphere. This is an exceptional opportunity for businesses seeking a well-maintained, highly visible location within a thriving community. The property offers a blend of retail and office space, making it suitable for a variety of uses. The absence of elevators is noted.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $590,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $855,000
- 6.5%
- $790,000
- 7%
- $730,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $972,000
- AI Estimate
- $1,091,000
Market price range: $360k - $973kMarket price range: $235k - $1.09M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $625,000 Current use
- RESTAURANT
- $1,070,000 Change: +71% Conversion: Difficult
- RETAIL STORES
- $890,000 Change: +43% Conversion: Easy
- AUTO REPAIR, GARAGE
- $870,000 Change: +39% Conversion: Difficult
- OFFICE BUILDING
- $770,000 Change: +24% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $715,000 Change: +15% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $680,000 Change: +9% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Southborough
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.5252
- Latitude
- 42.2874
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
