25 W Main St Westborough, MA 01581
- Investment properties
- 29,424 SF
- 0.53 lot acres
Current Use by Public Records
- Investment properties
Property Details for 25 W Main St
- Year built
- 2015
- Construction
- STEEL FRAME
- Lot size
- 0.53 lot acres
- Property size
- 29,424 SF
- Zone code
- BB
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- WBOR M:0020 B:000312 L:0
- APU
- WBORM0020B000312L0
Description
This exceptional mixed-use retail property, located at 25 West Main Street in Westborough, Massachusetts, offers a unique opportunity for a discerning tenant. The building boasts a total of 29,424 square feet across a single story, currently featuring one suite. A significant portion of the space, totaling 2,239 square feet, is immediately available for lease. This presents a fantastic chance to establish or expand a business in a vibrant and highly visible location. The property's mixed-use designation allows for a variety of commercial ventures. The address is situated in Worcester County, within the 01581 zip code, providing easy access to major roadways and a strong local customer base. Ample on-street parking is readily available for patrons and employees, ensuring convenient access. The property is ideally suited for businesses seeking a prominent presence in a thriving Westborough community. This is a rare opportunity to secure a substantial retail space in a desirable location with excellent visibility and ample parking. The single-story building offers ease of access and functionality. Serious inquiries are encouraged to explore this exceptional leasing opportunity.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,425,000
- 6.5%
- $4,085,000
- 7%
- $3,790,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,509,000
- AI Estimate
- $3,276,000
Market price range: $1.87M - $5.04MMarket price range: $1.40M - $4.40M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,240,000 Current use
- RESTAURANT
- $5,550,000 Change: +71% Conversion: Difficult
- RETAIL STORES
- $4,615,000 Change: +43% Conversion: Easy
- AUTO REPAIR, GARAGE
- $4,515,000 Change: +39% Conversion: Difficult
- OFFICE BUILDING
- $4,000,000 Change: +24% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $3,715,000 Change: +15% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $3,530,000 Change: +9% Conversion: Moderate
- WAREHOUSE, STORAGE
- $2,950,000 Change: -9% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Westborough
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.6141
- Latitude
- 42.2693
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA