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    FOR LEASE
    Office buildings

    69 Milk St, Westborough, MA 01581

    41,299 SF 1.98 ac lot Built 1902
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US38-1922022
    Property summary
    AI-generated overview

    This exceptional office space, located at 69 Milk Street in historic downtown Westborough, Massachusetts, offers four available suites ranging from 1,420 to 2,974 square feet. Housed within a beautifully preserved 1902 mill building, the property boasts a desirable tenant mix and an abundance of natural light, creating a productive and pleasant work environment. The building comprises three stories and features convenient on-site parking, a significant advantage in this vibrant area. The location is highly accessible, situated just off Route 135 and within minutes of Route 9, providing easy commutes for employees and clients alike. The property is classified as a traditional office building, ideal for a variety of professional businesses seeking a prestigious and functional workspace. The multiple tenancy structure allows for flexibility in lease terms and space requirements. This is a rare opportunity to secure office space in a charming, well-maintained building in a prime Westborough location. The building's character and convenient amenities make it an attractive option for businesses seeking a blend of historical charm and modern functionality. The total building square footage is not currently available. Interested parties are encouraged to inquire for further details and availability. The zip code is 01581.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1902
    Construction FRAME
    Total area 41,299 SF
    Lot 1.98 ac (86,327 SF)
    Zoning code BB
    APN WBOR M:0020 B:000163 L:0
    UPID US38-1922022
    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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.44M
    Blend (final) Blend
    $5.45M
    Owner & transaction history
    K Milk Street LLC · 9 yrs held
    K Milk Street LLC
    since 2016
    7 recorded transactions
    2021
    2016
    $5.1M
    2006
    $5.2M
    2006
    2004
    2003
    2002
    Zoning & alternative use
    BB · Westborough, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $7.8M +38.7%
    Retail stores $6.5M +15.4%
    Auto repair, garage $6.3M +12.8%
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    More about this property
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