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Property profile & analytics
OFF-MARKET
Truck terminals

365 Codman Hl Rd Boxboro, MA 01719

480 SF 3.62 ac lot Built 1945
Individually Owned 32-yr Hold Free & Clear
Property ID
US38-0364688
Property summary
AI-generated overview

This exceptional 5.77-acre industrial land parcel presents a unique investment opportunity in Boxborough, Massachusetts. Located in Middlesex County, at 365 Codman Hill Road, zip code 01719, this property boasts a commercially zoned lot, offering significant potential for various industrial uses. The land is situated conveniently near Route 111 and I-495, providing easy access to major transportation arteries. While the total acreage is 5.77 acres, approximately 1 acre is currently considered usable, with potential for future expansion on the remaining land. The property features an existing concrete slab and approximately 464 feet of frontage. The current lease on the property expires June 5th, 2025, leaving a remaining lease term of approximately 0.5 years. This property spans two parcels, extending into Harvard, MA. Its strategic location and ample space make it an ideal site for a contractor's yard, landscaper's depot, or similar industrial operations. The commercial zoning ensures flexibility for a range of development possibilities. This is a rare opportunity to acquire a well-positioned industrial land parcel with significant growth potential.

Property profile
Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 1945
Construction FRAME
Total area 480 SF
Lot 3.62 ac (157,689 SF)
Zoning code C
APN BOXB M:12 B:022 L:000
UPID US38-0364688
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Codman Hill Rd RT 365 · 32 yrs held
Codman Hill Rd RT 365
since 1993
1 recorded transaction
1993
$70,000
Zoning & alternative use
C · Boxboro, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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