168 Main St Northborough, MA 01532
- Investment properties
- 3,739 SF
- 0.50 lot acres
Current Use by Public Records
- New England Design & Remodel / Cabinet Store
- Synthenet Corporation / Website Designer / Software Company
- Pongo Resume® / Resume Service
Property Details for 168 Main St
- Year built
- 2011
- Lot size
- 0.50 lot acres
- Property size
- 3,739 SF
- Zone code
- BE
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- NBOR M:0470 L:0009
- APU
- NBORM0470L0009
Description
This exceptional 4,116 square foot Class B office building, constructed in 1900 and located in Worcester County at 168 Main Street, presents a unique investment opportunity. Currently, 3,189 square feet are available for lease, offering flexible tenancy options. The space can be leased as a single unit or subdivided to accommodate various business needs. A key feature is a 1,292 square foot showroom boasting prominent Route 20 frontage and abundant natural light from large windows. Two additional private offices, totaling 469 square feet, provide dedicated workspace adjacent to the showroom. Furthermore, the property includes 1,428 square feet of recently renovated storage space, complete with a private office, ideal for inventory or archives. This versatile property is perfect for businesses seeking a blend of showroom, office, and storage space in a desirable Worcester County location. The building's classic architecture blends seamlessly with modern updates, creating a functional and attractive workspace. The multiple tenancy option allows for scalability and adaptability to suit a range of business sizes and requirements. This is a rare opportunity to secure a well-located, adaptable commercial space in a thriving area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $645,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $845,000
- 6.5%
- $880,000
- 7%
- $765,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $805,000
- Geo Method
- $870,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $780,000
- Retail
- $655,000
- Mixed-Use
- $855,000
- Hospitality
- $870,000
- Educational
- $650,000
- Residential Income
- $670,000
- Energy
- $845,000
- Income-Based Land
- $760,000
- Food Service
- $835,000
Location Insight
- Map
- Local Demand
- City
- Northborough
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.6197
- Latitude
- 42.3287
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA