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    Property profile & analytics
    OFF-MARKET Estimated value $2,795,000
    Commercial real estate

    380 Cutoff, Northborough, MA 01532-2126

    39,208 SF 2.46 ac lot Built 1962
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US38-0215791
    Property summary
    AI-generated overview

    This 7,500-square-foot retail space in Northborough, Massachusetts, presents a unique redevelopment opportunity. Located at 380 SW Cutoff, 01532, within the Metro West submarket encompassing Northborough, Southborough, and Shrewsbury in Worcester County, this property offers significant potential. Currently vacant, the entire 7,500 square feet is available for lease as a single contiguous unit. The building's previous use was a sports bar and restaurant, making it suitable for a variety of uses, including multiple retail spaces, a medical office, or a restaurant. The lower level is partially finished, offering flexibility for tenant build-out. A key advantage is the property's location on the grounds of the EconoLodge motel, sharing utilities for potential cost savings. This high-visibility location within a busy commercial area offers excellent access and exposure for any business. The property is ready for immediate occupancy and customization to suit a wide range of commercial needs. This is an exceptional chance to establish a thriving business in a desirable and well-connected Massachusetts location. Serious inquiries are encouraged to explore the possibilities of this versatile and strategically located commercial property.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1962
    Total area 39,208 SF
    Lot 2.46 ac (107,314 SF)
    Zoning code HB
    APN NBOR M:1140 L:0001
    UPID US38-0215791
    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
    Current use
    Occupant on record · Public records
    • Econo Lodge Inn & Suites Hotel & Motel
    • I.M.G. (I aM of God) Enterprises Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.49M
    Blend (final) Blend
    $2.80M
    Owner & transaction history
    Sbp RT INC · 9 yrs held
    Sbp RT INC
    since 2016
    7 recorded transactions
    2016
    $3.7M
    2005
    2004
    $3.0M
    2004
    2004
    $3.0M
    2004
    1999
    $714,000
    Zoning & alternative use
    HB · Northborough, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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