Property profile

168 Main St Northborough, MA 01532

FOR LEASE
Investment properties
Property ID
US38-0443494
3,739 SF 0.5 ac lot Built 2011
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2011
Total area 3,739 SF
Lot 0.5 ac (21,606 SF)
Zoning code BE
APN NBOR M:0470 L:0009
UPID US38-0443494

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Furniture & Home Goods
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Employment Agency

Location

168 Main St Northborough, MA 01532
Northborough metro Census 740102 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$645k

Owner & transaction history

since 2022
Last sale
$810,000
7 recorded transactions
2024
Price N/A
2022
$810,000
2018
Price N/A
2003
Price N/A
2002
Price N/A
1998
$135,000
1993
Price N/A

Zoning & alternative use

BE · Northborough, MA
Zoning description

An accessory use shall be incidental and subordinate to the principal use on the lot. (2) An accessory use shall be located on the same lot as the principal residential or nonresidential use to which it is accessory, and…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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