78 Tpke Rd Westborough, MA 01581-1730
. The provisions of § 4.2B (Split lots) shall not apply. The SLO shall not apply to any parcel of land located within a Highway Business (BA) District. E. Permitted uses. Independent senior housing, senior living facilities, and continuing care retirement communities shall be permitted in accordance with this section. In addition, accessory uses typically as…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BA · Westborough, MA. The provisions of § 4.2B (Split lots) shall not apply. The SLO shall not apply to any parcel of land located within a Highway Business (BA) District. E. Permitted uses. Independent senior housing, senior living facilities, and continuing care retirement communities shall be permitted in accordance with this section. In addition, accessory uses typically associated with these uses may be permitted by the SPGA upon a finding that the accessory use is appropriate to the proposed development and not more detrimental to the neighborhood than the senior living use without such accessory uses. (1) Refer to § 6.1 (Inclusionary Zoning Requirements) of the Zoning Bylaw for requirements. (2) All dwelling units in an SLO project shall be subject to a restriction requiring that all residents of these units shall be at least the age of 62 (referred to as "qualified occupants"). F. Dimensional requirements. All minimum standards in the Senior Living Overlay district (SLO) shall be consistent with those requirements of the applicable underlying district found in § 5.4A or B. G. Rules and regulations. The SPGA may from time to time establish rules and regulations governing special permits under this section. The SPGA shall require a filing fee as a part of the special permit application, the amount of which shall be established by the SPGA. (1) Public hearing and approval. The SPGA shall hold a public hearing on any proposal alleging compliance with this section in accordance with the public hearing and notice requirements of MGL c. 40A, §§ 9 and 11. In considering the grant of a special permit for the application, the SPGA shall make a finding that the provisions of this section are satisfied. (2) Findings. The SPGA shall specifically consider whether the development will contribute to the orderly and harmonious development of the neighborhood and the Town that is consistent with the character of the neighborhood and satisfies community demand for the proposed uses, while responding to the performance standards of Subsection I . The SPGA shall make findings related to the Town's current goals for the proposed type of senior housing. These findings might include, but are not limited to, the following: (a) Compatibility with the surrounding neighborhood; (b) Consistency with any current planning documents or studies; (c) Ability for public infrastructure such as water, roads, drainage or sewer system or any other municipal system to support the proposed development without causing impacts that would adversely affect health, safety or the general welfare;
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.