264 Cordaville Rd Southborough, MA 01772-2003
- Auto shops
- 756 SF
- 0.25 lot acres
Current Use by Public Records
- Stefco Auto Repair and Sales / Auto Repair Shop
- Custodio Auto Services Inc. / Car Repair And Maintenance Service
Property Details for 264 Cordaville Rd
- Year built
- 1942
- Construction
- FRAME
- Lot size
- 0.25 lot acres
- Property size
- 756 SF
- Zone code
- RB
- Property type
- Auto shops
- APN
- SBOR M:009.0 B:0000 L:0011.0
- APU
- SBORM0090B0000L00110
Description
This exceptional 756-square-foot industrial property, located at 264 Cordaville Rd in Southborough, Massachusetts (01772), presents a unique investment opportunity. Built in 1942, the building sits on a 0.25-acre lot and features a two-bay auto repair shop configuration with three drive-in doors. The existing structure includes approximately 576 square feet of warehouse space, 180 square feet of office space, and 252 square feet of storage, all under a 12-foot ceiling. The property boasts ample parking for approximately 21 vehicles and a single restroom. A significant advantage is the availability of a car dealer license, expanding potential uses and revenue streams. The property is zoned as Residence B, and buyers are responsible for conducting their own due diligence regarding permitted uses and zoning compliance. Owner financing may be available for qualified buyers. This versatile property is ideal for a variety of uses, from continuing its current operation as an auto repair shop to expanding into a full-fledged car dealership, or adapting to other suitable commercial ventures. The property's convenient location and existing infrastructure make it a highly attractive investment. The net rentable area is 756 square feet.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $255,000
- 6.5%
- $260,000
- 7%
- $300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $255,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $265,000
- Retail
- $310,000
- Mixed-Use
- $315,000
- Hospitality
- $245,000
- Educational
- $275,000
- Residential Income
- $245,000
- Energy
- $250,000
- Income-Based Land
- $255,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Southborough
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.5228
- Latitude
- 42.2713
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
