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    FOR SALE
    Office Spaces

    54 Junction Square Dr, Concord, MA 01742

    2,540 SF 3.14 ac lot Built 1985
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US38-1465411
    Property summary
    AI-generated overview

    This exceptional 2,650 square foot office condo presents a unique investment opportunity in Concord, Massachusetts. Located at 54 Junction Square Drive, this vacant property is part of a well-established, five-building office park in the vibrant West Concord Village. The building, constructed in 1985, is a three-story Class B structure offering a traditional office layout adaptable to creative office needs. The asking price is $729,000, translating to $275.09 per square foot. The property includes six parking spaces, a significant advantage in this desirable location. Its convenient location places it within easy walking distance of a wide array of shops, restaurants, and the MBTA commuter rail, providing unparalleled accessibility for employees and clients. This single-unit building offers a rare chance to acquire a well-situated, established office space in a thriving community. The property's versatility makes it suitable for a variety of businesses seeking a professional and convenient workspace in Middlesex County. The 01742 zip code ensures easy access to major transportation routes and regional amenities. This is an ideal opportunity for owner-occupancy or a savvy investment in a high-demand market.

    Property profile
    Verified
    Property type Office Spaces
    Use group CONDOMINIUM OFFICES
    Year built 1985
    Total area 2,540 SF
    Lot 3.14 ac (136,778 SF)
    Zoning code BN
    APN CONC M:9D B:2410 L:54
    UPID US38-1465411
    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
    AI Approach AI
    $380k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $387k
    Blend (final) Blend
    $570k
    Owner & transaction history
    Lenox Management LLC · 3 yrs held
    Lenox Management LLC
    since 2022
    Last sale
    $640,000
    6 recorded transactions
    2022
    2022
    $640,000
    2013
    $472,000
    2009
    1999
    1995
    Zoning & alternative use
    BN · Concord, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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