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    FOR LEASE
    Retail space

    47 Middlesex Tpke, Burlington, MA 01803

    9,897 SF 1.16 ac lot Built 2001
    Entity Owned 13-yr Hold ~ Est. High Equity
    Property ID
    US38-1206585
    Property summary
    AI-generated overview

    This exceptional 3,728 square foot flex space at 47 Middlesex Turnpike in Burlington, MA, presents a unique opportunity for businesses seeking a prime location. The property is part of a larger 6,607 square foot building, classified as Class A, and offers a 14-foot ceiling height, perfect for various uses. The space is immediately available and boasts excellent visibility due to its strategic location minutes from the Burlington Mall and its access to a lighted intersection. Commuting is simplified by its easy access to and from I-95. The area demonstrates strong demographics, with a high average household income of $181,132 within a 5-mile radius. The property is zoned IG, which includes retail and restaurant uses, providing flexibility for a range of businesses. The building features one loading dock, adding to its functionality. High traffic counts on Middlesex Turnpike (179,899 vehicles per day) and Route 3 (28,487 vehicles per day) ensure significant exposure for your business. This is a rare opportunity to secure a highly visible and accessible space in a thriving Burlington submarket. The minimum divisible space is 3,728 square feet, with a total of 3,728 square feet currently vacant.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2001
    Construction STEEL FRAME
    Total area 9,897 SF
    Lot 1.16 ac (50,334 SF)
    Zoning code BG
    APN BURL M:000056 P:000066
    UPID US38-1206585
    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
    • Hanscom Federal Credit Union Credit Union
    • Viet Citron Restaurant
    • Mass General Brigham Community Physicians Medical Clinic
    • Dr. Sylvia Chang Pediatrician Physician
    • Sylvia Chang, Pediatrician Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.19M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.99M
    Owner & transaction history
    47 Middlesex Tpke LLC · 13 yrs held
    47 Middlesex Tpke LLC
    since 2013
    4 recorded transactions
    2018
    2013
    2002
    1995
    $525,000
    Zoning & alternative use
    BG · Burlington, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $2.9M +7.7%
    Auto repair, garage $2.8M +4.4%
    Neighborhood: shopping center $2.7M +2.8%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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