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Properties
Retail space
MA
Westborough
01581
233 Tpke Rd

Property profile

233 Tpke Rd Westborough, MA 01581

OFF-MARKET

Retail space

Property ID

US38-0339931

11,520 SF 2.3 ac lot Built 1968

Entity Owned 28-yr Hold ~ Est. High Equity

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The property is a commercial building with industrial flex characteristics, historically used as a car dealership and landscape equipment distributor. It provides approximately 14,000 square feet of combined showroom and high-bay industrial/flex space within a structure that includes a high bay shop area, a retail showroom, and office support areas. The site comprises about 2.3 acres and features paved outdoor space with substantial on-site parking. The property is located on heavily trafficked Route 9 in Westborough, Massachusetts, providing frontage and visibility suitable for retail use with the ability to support an industrial and/or outdoor storage component.

Property type Retail space

Use group RETAIL STORES (PERSONAL SERVICES)

Year built 1968

Construction STEEL FRAME

Total area 11,520 SF

Lot 2.3 ac (100,188 SF)

Zoning code BA

APN WBOR M:0026 B:000043 L:0

UPID US38-0339931

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

(Bike/Boat/Book/etc) Store Garden Center

233 Tpke Rd Westborough, MA 01581-2807

Westborough metro Census 742402 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

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CAP Approach CAP

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Comparable Approach Comparable

$1.15M

Blend (final) Blend

$875k

since 1997

3 recorded transactions

2005

Price N/A

2001

Price N/A

1997

$1.0M

Zoning description

. The provisions of § 4.2B (Split lots) shall not apply. The SLO shall not apply to any parcel of land located within a Highway Business (BA) District. E. Permitted uses. Independent senior housing, senior living facilit…

General category COMMERCIAL

Comparables

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Value Estimation
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206 Tpke Rd

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