Property profile

264 Cordaville Rd Southborough, MA 01772

FOR SALE
Auto shops
Property ID
US38-0602529
756 SF 0.25 ac lot Built 1942
Entity Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1942
Construction FRAME
Total area 756 SF
Lot 0.25 ac (10,846 SF)
Zoning code RB
APN SBOR M:009.0 B:0000 L:0011.0
UPID US38-0602529

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
  • Auto Repair Shop
  • Auto Repair Shop Vehicle Inspection Center

Location

264 Cordaville Rd Southborough, MA 01772
Southborough metro Census 741101 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2005
3 recorded transactions
2005
$254,301
1989
$365,000
1989
Price N/A

Zoning & alternative use

RB · Southborough, MA
Zoning description

The purpose of this RB district is to provide areas for the one family home and necessary accessory uses

General category RESIDENTIAL

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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